Document Raises Questions about What Toyota Knew Regarding Accelerator Issue
February 22, 2010 /EIN PRESSWIRE/ An internal Toyota tells how the automaker saved more than $100 million by negotiating with US federal regulators to stop an investigation into accelerator complaints in exchange for a product recall in September 2007, the AP reports.
The document adds to the question of whether Toyota ignored complaints of acceleration problems. Toyota president Akio Toyoda is expected to field questions about the document when he testifies Wednesday before the House Oversight and Government Reform Committee.
Toyota US sales sank 16% in January, and the value of its stock has lost 19% over the last month.
Read more at Automotive Industry Today:
Latest Toyota Recall news – http://automotive.einnews.com/news/toyota-recall
Located at http://automotive.einnews.com, Automotive Industry Today is a service of EIN News, an industry leader in news monitoring for business professionals and analysts. Using a combination of proprietary search technology and human editing, EIN News delivers to its members the latest automotive news from around the world, saving them valuable time they’d spend searching for information. New users to Automotive Industry Today can enjoy a no-obligation, one-week free trial.
About EIN Presswire
The EIN Presswire press release distribution service is a news-syndication solution that distributes news to more than 10 million visitors annually at EIN News and millions more through its press release distribution partners. A news source for leading journalists, decision-makers and industry professionals worldwide, EIN Presswire targets press releases to a wide array of worldwide business professionals in more than 80 different industries. EIN Presswire also offers affiliate network opportunities and news distribution to tens of thousands of news subscribers daily. Read the newest business news at http://www.einpresswire.com and the latest world news in more than 80 different industries at http://www.einnews.com.
