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December 2012 Archives

Delayed defect notification costs Toyota dearly

In 2010, Toyota was fined $48.8 million by U.S. regulators. The fines were levied in response to Toyota's failure to properly notify authorities and respond to safety hazards including defective floor mats, sticky accelerators, steering issues and sudden acceleration of certain vehicle models. The record fine was meant to send a message both to Toyota and other auto manufacturers that U.S. regulators take defective vehicle parts that could lead to automobile accidents very seriously.

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