April 6 (Bloomberg) — David Cohen, an economist at Action Economics in Singapore, talks with Bloomberg’s Haslinda Amin about US Transportation Secretary Ray lahood’s proposal to fine Toyota Motor Corp. a record civil penalty of .4 million.¶ lahood said yesterday Toyota “knowingly hid a dangerous defect” that caused its vehicles to accelerate unexpectedly, for the first time accusing the worlds largest automaker of breaking the law. Cohen also talks about the outlook for the global economy. (This is an excerpt of the full interview. Source: Bloomberg)

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