Source: Toyota Will Pay $16.4M Fine

Washington (CNN) -- The Toyota Motor Corp. has indicated to the U.S. government it will pay a $16.4 million fine -- the largest ever against an automaker -- for failing to notify the Department of Transportation of a "sticky pedal" defect in its cars for at least four months, according to a senior Transportation Department official.

The company has told the government it will sign legal documents Monday agreeing to pay the maximum civil penalty of $16.375 million, according to the official, who was not authorized to speak for attribution because the agreement has not been announced.

Toyota would then have 30 days to pay the fine.

This official added that an agreement does not release Toyota from any potential criminal liability or civil liability related to the sticky-pedal defect.