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Toyota Motor Corp. agreed to pay the largest fine in history for failing to recall 2.3 million vehicles for at least four months.

"By failing to report known safety problems as it is required to do under the law, Toyota put consumers at risk," Transportation Secretary Ray LaHood said. "I am pleased that Toyota has accepted responsibility for violating its legal obligations to report any defects promptly.

"We are continuing to investigate whether the company has lived up to all its disclosure obligations."



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Toyota Agrees To Pay $16.4 Million Fine For Disclosure Delays Admits No Guilt

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