Monday, February 22, 2010

More Toyota: Internal Document Trumpets Savings Made After Avoiding Earlier Safety Recall

An internal memorandum released to Congress by Toyota reveals that the automaker saved $100 million in after it persuaded federal regulators to end a 2007 investigation into sudden acceleration in Toyota vehicles. This year, however, Toyota has recalled over 8 million vehicles worldwide due to dangerous problems with sudden acceleration.

Another document released to Congress describes the Obama administration as "not industry friendly." Apparently, the upcoming hearings will deliver theatrics - if not substance.

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