Hino Motors Settles with U.S. Authorities over Scandal
Tokyo, Jan. 16 (Jiji Press)--Hino Motors Ltd. said Thursday that it has reached a settlement with U.S. authorities to pay a total of roughly 1.2 billion dollars, or about 187 billion yen, in fines over the Japanese automaker's engine testing scandal.
Hino has already booked 230 billion yen in special loss for settling the matter with U.S. authorities and other expenses, and is reassessing the impact on earnings.
(2025/01/16-12:20)
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