Toyota to pay record $17.35 million fine for U.S. defect reporting lapse
Posted : Tuesday, 18 December 2012 07:12AM
(Reuters) - Toyota Motor Corp has been ordered to pay a record fine of $17.35 million for failing to report a safety defect to the U.S. government in a timely manner, the U.S. 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.
(Reporting by Bijoy Koyitty in Bangalore; Editing by Don Sebastian)
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