March 19 (Reuters) - A subsidiary of Japanese carmaker

Toyota ( TM ) faces $1.6 billion in penalties after pleading

guilty to having engaged in a multi-year emissions fraud scheme,

the U.S. Justice Department said in a statement on Wednesday.

U.S. District Court Judge Mark A. Goldsmith for the Eastern

District of Michigan accepted Hino Motors' ( HINOF ) guilty plea and

sentenced the company to pay a fine of $521.76 million and serve

a five-year term of probation during which it will be prohibited

from importing diesel engines it has manufactured into the

United States, the Justice Department said.

The court also entered a $1.087 billion forfeiture money

judgment against the company, according to the Justice

Department.