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Toyota Fined Record $17.4 Million for Not Reporting Flaws

Delaying reports of a vehicle defect adds to already huge fines

By Angela Greiling Keane, Bloomberg | Updated on December 18, 2012

Toyota Motor Corp., the company that has paid the most in fines to the U.S. auto-safety regulator, agreed to pay a $17.4 million civil penalty for delaying reports of a vehicle defect.

The new fine stems from a June recall for Lexus RX 350s and RX 450h vehicles where the accelerator pedal could trap the driver’s side floor mat, causing it to stick and accelerate when the driver didn’t intend to.

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