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By admin, April 19, 2010 10:40 am

Toyota Motor agreed Monday to pay the federal government's record $16.4 million fine for failing to disclose sooner that it knew there were problems with gas pedals in some of its vehicles. Compared with the billions of dollars in losses the company faces the penalty seems small.

Continue reading Toyota Agrees to Pay $16.4 Million Fine

Toyota Agrees to Pay $16.4 Million Fine originally appeared on DailyFinance on Mon, 19 Apr 2010 11:40:00.

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By admin, April 8, 2010 9:30 am

Emails the carmaker turned over to the government reveal the internal debate over what to say publicly about its accelerator-pedal problem. Five days before its recall, a Toyota official urges: "The time to hide on this one is over."

Continue reading Toyota Execs Dragged Their Feet in Warning of 'Sticky' Pedal

Toyota Execs Dragged Their Feet in Warning of 'Sticky' Pedal originally appeared on DailyFinance on Thu, 08 Apr 2010 10:30:00.

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By admin, March 22, 2010 9:00 am

Toyota faces several pending class actions that allege it publicly dismissed the seriousness of several design flaws while knowing that the problems might have caused a dramatic sell-off of Toyota shares.

Continue reading Toyota's Second Shoe Drops: Shareholders Sue

Toyota's Second Shoe Drops: Shareholders Sue originally appeared on DailyFinance on Mon, 22 Mar 2010 10:00:00.

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By admin, March 2, 2010 11:10 am

GM says its monthly gain would have been even higher if its four jettisoned brands were excluded, and that wintry weather hurt sales. All is not well, however: GM also announced a recall of 1.3 million Cobalts for faulty steering.

Continue reading General Motors Sales Rise 11.5% in a Wintry February

General Motors Sales Rise 11.5% in a Wintry February originally appeared on DailyFinance on Tue, 02 Mar 2010 11:10:00.

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By admin, February 28, 2010 7:30 pm

The fact that nonrecalled Toyotas are also reported having sudden acceleration problems mean Toyota owners cannot rely on the recall lists to reassure themselves that their cars are safe.

Continue reading Legal Briefing: Nervous Toyota Owners Have Questions

Legal Briefing: Nervous Toyota Owners Have Questions originally appeared on DailyFinance on Sun, 28 Feb 2010 19:30:00.

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By admin, February 23, 2010 6:15 pm

If lawmakers were looking for answers to explain Toyota's recall of some 6 million cars, they invited the wrong executive. James Lentz, president of U.S. sales, responded by saying "I don't know," as decisions about safety are made by management in Tokyo.

Continue reading Toyota Exec's Recall Answers Leave Lawmakers Fuming

Toyota Exec's Recall Answers Leave Lawmakers Fuming originally appeared on DailyFinance on Tue, 23 Feb 2010 18:15:00.

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By admin, February 23, 2010 6:15 pm

If lawmakers were looking for answers to explain Toyota's recall of some 6 million cars, they invited the wrong executive. James Lentz, president of U.S. sales, responded by saying "I don't know," as decisions about safety are made by management in Tokyo.

Continue reading Toyota Exec's Recall Answers Leave Lawmakers Fuming

Toyota Exec's Recall Answers Leave Lawmakers Fuming originally appeared on DailyFinance on Tue, 23 Feb 2010 18:15:00.

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By admin, February 23, 2010 3:30 pm

Car and Driver, Motor Trend and Consumer Reports were among the influential publications that didn't know about Toyota's problems until everyone else did. Readers would like to think it's easy for them to be watchdogs. Unfortunately, that's not so simple.

Continue reading Why Didn't the Auto Press Catch Toyota's Problems?

Why Didn't the Auto Press Catch Toyota's Problems? originally appeared on DailyFinance on Tue, 23 Feb 2010 15:30:00.

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By admin, February 23, 2010 9:22 am

A small parade of witnesses will take the stand Wednesday during the House Oversight and Government Reform Committee's hearing on the Toyota recalls, but the real focus of the day will be on one man: CEO Akio Toyoda.

Continue reading The Toyota Hearings: What Congress Wants to Know

The Toyota Hearings: What Congress Wants to Know originally appeared on DailyFinance on Tue, 23 Feb 2010 09:22:00.

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By admin, February 20, 2010 10:00 am

State Farm, the nation's largest car insurance company, has discovered that it first told federal regulators about problems with Toyota cars in 2004, not 2007 as earlier reported. The new information will probably play into a number of class action and product liability lawsuits against Toyota.

Continue reading State Farm Says It Warned the Feds About Toyota in 2004

State Farm Says It Warned the Feds About Toyota in 2004 originally appeared on DailyFinance on Sat, 20 Feb 2010 10:00:00.