Toyota to pay record $17.35m fine

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ToyotaLogo REUTERS The Toyota logo is seen at a dealership of Japan's Toyota Motor Corp in Brussels.

Toyota Motor Corp has been ordered to pay a record fine of $17.35 million for failing to report a safety defect to the US government in a timely manner, the US Department of Transportation said.

The fine is the highest civil penalty ever paid by a single automaker to the department's National Highway Traffic Safety Administration for violations related to a recall, the department said on Tuesday. - Reuters

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