US fines UK-based Triumph Motorcycles up to $2.9 million for safety violations

Markets Associated Press

The U.S. government has fined Triumph Motorcycles up to $2.9 million for violating safety reporting requirements.

Continue Reading Below

Under an order issued to United Kingdom-based Triumph, the company must pay a $1.4 million cash penalty and spend at least $500,000 to improve safety practices. An additional $1 million in penalties could be levied if additional violations emerge.

Triumph recalled more than 1,300 motorcycles in September 2014 because of a defect that could reduce steering capability and increase the risk of a crash.

An investigation by the National Highway Traffic Safety Administration found that the company failed to report the defect for more than a year. The company also failed to submit required documents, including injury claims and progress reports on recall repairs.

A telephone message seeking comment was left Monday with Triumph.