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Toyota trawls for big spenders with $4m Lexus yacht

Luxury brand's first-ever boat is made in America

The LY 650 yacht represents the first step beyond autos for Toyota Motor's Lexus brand. (Photo courtesy of Toyota Motor)

TOKYO -- Toyota Motor has unveiled the first yacht under its Lexus luxury brand, with a 450 million yen ($4.17 million) price tag in Japan that aims it squarely at the super-rich.

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