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$1 billion bill lands on Toyota's doormat


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Toyota set to face $1 billion California rule costs - Bloomberg

Toyota Said to Face $1 Billion California Rules CostsJune 4 (Bloomberg) -- Toyota Motor Corp., ranked as the U.S. market's most fuel-efficient automaker, may have to spend more than $1 billion to meet California's requirement for zero- emission cars, said a person familiar with the matter.

 

Toyota and Honda Motor Co. have the biggest market share in the state and starting with 2012 models must sell the most vehicles that don't pollute, according to California law. The rule requires 3 percent of unit sales over a three-year period to be non-polluting models.

 

California's requirement for plug-ins and zero-pollution models applies only to companies that sell at least 60,000 vehicles a year in the state.

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Edited by Ford Jellymoulds
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