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Toyota’s car finances continue to take a battering

As year’s go, it’s been a pretty bad one for Japanese manufacturer Toyota. Having seen two huge worldwide recalls for its so-called ‘reliable’ cars, the brand has now had to give over $32.4m in fines to Uncle Sam.

As year’s go, it’s been a pretty bad one for Japanese manufacturer Toyota. Having seen two huge worldwide recalls for its so-called ‘reliable’ cars, the brand has now had to give over $32.4m in fines to Uncle Sam.

The American government have said that the fines are because of potentially dangerous design flaws with Toyota’s recalled cars. It’s a shabby end to a terrible 2010 for Toyota, but perhaps the New Year will be a bit more promising.

Steve St. Angelo, Toyota's chief quality officer for North America said:
"Toyota is pleased to have resolved these legacy issues related to the timeliness of prior recalls dating back to 2005."

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