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Toyota's ascension to the top of 2012's sales heap hasn't come without a cost: the newly crowned automaker has been fined $17,350,000 for not handling unintended acceleration issues with Lexus RX350 and RX450h SUVs in a timely manner.
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"It's critical to the safety of the driving public that manufacturers report safety defects in a timely manner," National Traffic Safety Administration head David Strickland said in a statement. "Every moment of delay has the potential to lead to deaths or injuries on our nation's highways." Toyota replied in a statement saying that they "...agreed to this settlement in order to avoid a time-consuming dispute and to focus fully on our shared commitment with NHTSA to keep drivers safe."
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The fine follows a NHTSA probe launched in May, when the organization approached Toyota about issues with floor mats interfering with accelerator pedal movement; it wasn't until June that Toyota recalled 154,036 RX-series SUVs. This latest fine follows a mammoth $48.8 million fine paid two years ago for similar issues in Toyota vehicles.?
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Source: CNN Money
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