Toyoto nailed for another recall

Toyoto nailed for another recall

Toyota Motor Corp. has agreed to pay the government a record $32.4 million in additional fines to settle an investigation into its handling of two recalls at the heart of its safety crisis. The Transportation Department said late Monday the civil penalties will settle investigations into how Toyota dealt with recalls over accelerator pedals that […]

Poll: Americans now prefer American cars

Poll: Americans now prefer American cars

After a long romance with foreign rivals, America’s love affair with the automobile is returning to its roots with a revived affection for U.S.-made cars. Slightly more Americans now say the United States makes better-quality vehicles than Asia does, with 38 percent saying U.S. cars are best and 33 percent preferring autos made by Asian […]

Runaway Prius may be hoax

Runaway Prius may be hoax

A memo drafted for a congressional panel says that investigators with Toyota Motor Corp. and the federal government were unable to make a Prius speed out of control as its owner said it did on a California freeway, casting doubt on the driver’s story. The draft memo, obtained Saturday by The Associated Press, said the […]

Toyota’s boss gets a Congressional grilling

Toyota CEO Akio Toyoda had his come-to-Jesus session with Congress Wednesday but problems for he and his embattled company are far from over. The world’s largest automaker still faces investigations by federal prosecutors in New York and the Securities and Exchange Commission plus lawsuits and backlash from angry consumers. Dealers must repair millions of cars […]

Toyota’s boss: Gee, we sure are sorry

Akio Toyoda, the chief executive officer of Japanese auto giant Toyota, says he sure is sorry his company rushed cars into production with safety defects that kill and maim people. Turns out it was all about getting bigger and richer but not better. “We pursued growth over the speed at which we were able to […]

Toyota boss agrees to testify before Congress

Toyota‘s president Akio Toyoda, under fire for his handling of sweeping recalls, will testify before a congressional hearing next week, appealing to U.S. lawmakers and aggrieved customers for understanding while the company fixes its safety problems. Japanese officials praised the decision by Toyoda, grandson of the company’s founder, to accept a formal invitation to explain […]