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Toyota Motor enters agreement with U.S Attorney's Office


Wednesday, 19 Mar 2014 08:00pm EDT 

Toyota Motor Corp:Reached an agreement with U.S. Attorney’s Office for the Southern District of New York to resolve investigation initiated in Feb. 2010 related to its 2009-2010 recalls to address potential "sticking" accelerator pedals and floor mat entrapment.To make a payment totaling $1.2 bln as part of the agreement.Government agrees to defer prosecution and then dismiss its case, as long as Toyota makes the required monetary payment.