Published on February 25, 2010 by Technology Slice
Toyoda Testimony – Akio Toyoda, the embattled Toyota chief executive, has admitted the company lost its way and its sense of priorities in its rapid rise, culminating in a massive vehicle recall and loss of consumer trust. “I fear the pace at which we have grown may have been too quick,” Mr Toyoda says in [...]
Tags: Accelerations, Akio Toyoda, Carmaker, Chief Executive, Clear Evidence, Commerce Committee, Congressional Staff, Consumer Trust, House Oversight Committee, Investigations, Lawmakers, Lentz, Overwhelming Influence, Priorities, Rapid Rise, Safety Problems, Safety Regulators, Sudden Acceleration, Testimony, Top Priority
Posted in Cars
Published on February 24, 2010 by Technology Slice
Toyota Lentz – Jim Lentz, Toyota’s president of U.S. sales, will tell the House Energy and Commerce Committee this morning that the company acknowledges and regrets poor communication about safety problems both within the company and with regulators and consumers, Joseph B. White reports. At the same time, according to the text of his statement [...]
Tags: Bart Stupak, Commerce Committee, Committee Chairman, Department Of Transportation, Election Year, Faults, Federal Grand Jury, Henry Waxman, Lawsuits, Lentz, Mechanical Problems, Poor Communication, Regulators, S Sales, Safety Problems, Securities And Exchange Commission, Southern District Of New York, Subcommittee Chairman, Subpoenas, Sudden Acceleration
Posted in General
Published on February 24, 2010 by Technology Slice
Toyota Hearings – Toyota dealers from across the nation are in the nation’s capital today urging Congress to be fair as it begins to look into issues of sudden acceleration in some of the Japanese car maker’s vehicles, saying their livelihoods depend on it. One, however, questioned whether the federal government can be impartial in [...]
Tags: Advisory Council, Auto Dealers, Automaker, Automakers, Autonation, Better Mileage, Bryan Texas, Car Maker, Chief Executive Office, Dissolution, Financial Incentives, General Motors, Japanese Car, Livelihoods, Model Cars, Paul Atkinson, Political Considerations, Sudden Acceleration, Toyota Dealer, Toyota Dealers
Posted in General
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