The president of Toyota Motor Corp said on Friday he intends to give a sincere explanation about the company's series of safety recalls when he testifies in front of U.S. lawmakers next week.
Toyota Motor Corp President Akio Toyoda, under pressure after a series of safety recalls, agreed on Thursday to appear before U.S. lawmakers investigating the crisis.
A House panel on Thursday subpoenaed confidential company documents that a former Toyota lawyer has said prove the automaker routinely concealed evidence from the courts and federal regulators, a committee staffer said.
A House panel on Thursday subpoenaed confidential company documents that a former Toyota lawyer has said proves the automaker routinely concealed evidence from the courts and federal regulators, a committee staffer said.
Toyota Motor Corp braced itself for further damage to its brand on Thursday, as it waited to hear if a U.S. probe into steering complaints would lead to another recall of its flagship Corolla model.
A second recall of Toyota Motor Corp's flagship Corolla model in the United States, this time potentially to address complaints about the steering, would cost very little on paper but risks further damaging its brand.
U.S. regulators launched a preliminary investigation into reported steering problems on
the Corolla sedan on Wednesday as Toyota Motor Corp faced questions from U.S. lawmakers on whether it had ignored red flags on safety before a wave of vehicle recalls.
Toyota Motor Corp President Akio Toyoda said on Wednesday he has no plans to testify before U.S. investigators, setting the stage for a possible showdown over a safety crisis that has rocked the automaker's reputation and results.
U.S. regulators opened an investigation on Tuesday to see whether recent recalls of Toyota Motor Corp vehicles were carried out in a timely manner, the Transportation Department said.
Toyota Motor Corp said on Wednesday it would install a system to ensure braking trumps acceleration for all new car models as it seeks to limit the damage from its vast recall woes.
Toyota President Akio Toyoda said he believed North America chief Yoshimi Inaba was the logical choice to testify at the U.S. congressional hearings scheduled for later this month.
Toyota Motor Corp said it would scale back production in the crucial U.S. market further, as investors sought guidance from management on how long the sales fallout from an escalating recall crisis would last.
Toyota Motor Corp shares lagged a strong rise in other Japanese auto stocks on Wednesday after the world's biggest automaker said it would shut down production at two of its U.S. factories to match slowing sales.
U.S. regulators on Tuesday opened an investigation into whether Toyota Motor Corp acted in a timely way to recall cars for acceleration problems, and the automaker moved to slow its U.S. production to avoid a costly ballooning of inventories.
U.S. regulators on Tuesday opened an investigation into whether Toyota Motor Corp acted in a timely way to recall cars for acceleration problems, and the automaker moved to slow its U.S. production to avoid a costly ballooning of inventories.
Toyota Motor Corp has decided to cancel production at two U.S. plants for a total of two weeks in anticipation of a drop in sales in the wake of its massive recalls, Japan's Chunichi Shimbun reported on Tuesday.
Fatalities alleged by consumers to the government related to unintended acceleration in Toyota Motor Corp vehicles have reached 34, with a recent jump in complaints accounting for more than a third of the total.
Toyota Motor Corp has decided to cancel production at two U.S. plants for a total of two weeks in anticipation of a drop in sales in the wake of its massive recalls, Japan's Chunichi Shimbun reported on Tuesday.
Toyota Motor Corp is planning an aggressive incentive program for March to lure U.S. consumers sidelined by a deepening product safety crisis.
Toyota Motor Corp has decided to conduct another review of electronic throttle control systems that have been linked with unintended acceleration problems in its cars, the Yomiuri newspaper reported on Monday.
Toyota Motor Corp will recall about 8,000 model-year 2010 Tacoma pickup trucks in the United States, the latest in a series of recalls that have hurt the automaker's sales and its reputation for quality.