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U.S. Says Toyota to Pay $1.2 Billion Penalty Over Safety Issues

Toyota Motor Corp will pay $1.2 billion to resolve a criminal probe into its handling of consumer complaints over safety issues, the U.S. Justice Department said on Wednesday. Toyota admitted it misled American consumers by concealing and making deceptive statements about two safety issues, each of which caused a type of unintended acceleration, the Justice Department said. The faulty acceleration prompted Toyota to recall millions of vehicles, beginning in 2009.

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