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Toyota Motor Corp. has paid a $16.4 million fine to settle allegations by U.S. regulators that the company was too slow to recall vehicles with defective gas pedals.

The civil penalty payment, the maximum allowed under auto safety regulations, came two days before Toyota's U.S. sales chief, Jim Lentz, was expected to appear before a congressional committee investigating Toyota recalls.



 
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Toyota Completes Payment Of  Record Fine

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