Posted by Addy on Feb 23, 2010 in
news The company has disclosed that (SEC) Securities and Exchange Commission was probing what the automaker told investors and Federal prosecutors have launched criminal investigations after the release of internal document showing company officials visited with U.S regulators years ago and rolled their eyes in disbelief over safety issues.
It is expected that there would even indictments against the executives in Japan and U.S or may be hefty federal fines after the twin development created new public relations challenges for Toyota. Whatever executives would say could be used against the company inside a courtroom so this would complicate Toyota’s ability to discuss details driving its recall of 8.5 million vehicles globally
Tags: Prius braking system, Securities and Exchange Commission, Southern District Of New York Attorney’s, Toyota, Wall Street Journal
Posted by Addy on Feb 22, 2010 in
news According to the reports from congressional investigators, after having successful negotiation with the government on a limited recall of floor mats in some Lexus and Toyota vehicles, Toyota has saved $100 million.
In September 2007, after having successful negotiations on equipment recall of floor mats involving Lexus ES350 and Toyota Camry, Toyota saved $100 million. It was confirmed in the internal presentation in July 2009 by Toyota officials and the saving was listed as “Wins For Toyota”.
By slowing down other industry requirements, avoiding defects and safety regulations, Toyota saved millions of dollars as it cited in the document produced by Congressional Investigators.
Tags: 34 deaths since 2000, Consumer Safety, July 2009 by Toyota officials, LaHood, Olivi Alair, saved $100 million, Toyota, Toyota Business, toyota company plant, Toyota Saving, Toyota vehicles
Posted by Addy on Feb 20, 2010 in
news In order to prevent the grievances over the issues from fanning broader political tension and to burnish an image marred by a flood of recalls, Toyota President would appear before U.S lawmakers.
U.S House of Representatives Oversight and Government Reform Committee has forced Toyoda to attend the hearing next Wednesday. Although Toyoda earlier said that he is not planning to attend the hearing to testify but in order get the company out of worst crisis in its 70 year history, He has decide to show up before the committee.
Tags: Government Reform Committee, Japan Foreign minister, Katsuya Okada, Masayuki Naoshima, Toyota, Toyota Authorized Dealers, Trade and Industry Minister, U.S House of Representatives
Posted by uzair on Feb 19, 2010 in
news TOKYO – All we have heard so far about Toyota Motor Co and its related problems new reports have come up that the company is actively involved to fix the braking system in their new Prius model around the globe from which mainly U.S and Japan are on top of the list with having more than 800,000 cars. The small manufacturing problem that lead many to report against the company, and where many were involved in various accidents from one and only reason, that they failed to brake which resulted in an accident.
Tags: cars, Hearing In Congress, Toyoda, Toyota, Toyota Car problems, Toyota President, Toyota’s President, US transport authority
Posted by uzair on Feb 18, 2010 in
news WASHINGTON – Following the recent crisis Toyota Motor Co has been trenched into and struggling to make over their mistakes which have lead many of its customers to be disappointment with the failure to provide appropriate cars according to health and safety regulations. There are recalls in progress for millions of cars to get the braking mechanism fixed and because of these issues Congress has called Toyota Motor Co for hearing to which president of Toyota is expected to appear in the first week of next month.
Tags: cars, Toyota, Toyota Car problems, Toyota Car Recall, Toyota Corolla, Toyota Motor Co, vehicles
Posted by Addy on Feb 17, 2010 in
news Toyota’s chief Akio Toyoda has made the statement on Wednesday that he will not attend the U.S Congress hearing on vehicle’s safety lapses in a difficult time when the company is looking into the possible power steering problems in Corolla subcompact.
Tags: Akio, America, Complaints, Corolla, Corolla subcompact, Corp, Motor, pedals, Possible Recall, recall, recalled 8.5 million vehicles, Shinichi Sasaki, tokyo, Toyoda, Toyota, Toyota executive in charge of quality controls, vehicle, vehicles
Posted by Addy on Feb 13, 2010 in
news CALIF – Since Toyota Motor Co has launched it new technology the “Prius” it seems to have lost the plot considerably. Several things are affecting its market at the same time when they needed to gain their trust back of customers who are with them for generations. When it came to Toyota this year we all know how it happened to start for them. Congress hearing would be somewhere in the first week of March for Toyota where the president of Toyota is expected to show.
Tags: 000 cars worldwide, 800, Complaints, congress, North America, Plant, Prius, Toyota, Toyota Authorized Dealers, toyota Car, Toyota Car problems, Toyota Chief, toyota company plant, Toyota Japan, Toyota Motor Corp sales, US regulators
Posted by Addy on Feb 13, 2010 in
Economy According to experts, Toyota could damage the ties between Japan and United States if the problem to give assurance before the Congress about the safety lapses would be handled poorly. So there is a immense pressure on Toyota’s chief from Japanese political leaders and experts.
Tags: congress, japan, Japanese Foreign Minister, relationships, ties, Tokyo government, Toyota, Toyota Car problems, Toyota Chief, toyota complaints, Toyota Japan, U.S Marine, United States
Posted by Addy on Feb 12, 2010 in
Business Concepts,
news TOKYO – Friday Toyota made a statement mentioning its past failure and creating a new level of disclosure to its customers which they are not legally required, however these measures are necessary to gain the lost trust back of their customers. This is not just about some disclosure which Toyota would deliver and get their trust back, whereas the US Congress would be looking for some evident explanation about the lacking safety in Toyota new Hybrid cars.
Tags: 8.5 million vehicles, Akio Toyoda, Hybrid, Hybrid cars, Prius, tokyo, Toyota, toyota Car, Toyota Car problems, Toyota Car Recall, toyota complaints, Toyota Japan, Toyota Motor Corp sales, Toyota representatives, US Congress
Posted by Addy on Feb 10, 2010 in
news TOKYO – Since Toyota Motor Co has launched its new model Prius, problems with its braking system has been reported which has raised many serious concerns for the company’s stakeholders. Toyota has announced to recall Prius for appropriate repairs. Today many Prius owners were seen at various Toyota dealers to get their car repaired.
Tags: brake pedal, brake problems, Europe, japan, Prius, Prius Braking, Prius hybrid, Prius Recall, recall, Software update, Toyota, Toyota Authorized Dealers, Toyota Car problems, Toyota Car Recall, toyota complaints, Toyota Motor Co, Toyota Motor Corp sales, Toyota Software Update