Responding to a request from the House Oversight Committee for clarification about allegations from an ex-Toyota attorney, the Japanese auto maker sent a letter on Friday to Rep. Edolphus Towns.
What started as a week filled with hope and promise for Toyota executives is ending with a thud. That thud is the sound of more legal cases and investigations being filed or launched against the Japanese automaker.
You've probably heard the comments. I have. There are many people who have heard the reports of Toyota cars racing out of control and they aren't blaming Toyota.
For many years, few metals drew bigger yawns from mining executives than lithium, a lightweight element long associated mostly with mood-stabilizing drugs. Suddenly, the yawns are being replaced by eurekas.
For years, the official car of the NCAA men's basketball championship was Pontiac. This year, Infiniti takes over.
While Toyota and the National Highway Traffic Safety Administration are investigating the car and the incident, the real problem for Toyota is that this incident raises new questions about the company.
In the ongoing war over whether Toyota vehicles have an electronics problem, the company and its critics have reached a point where both have made their arguments and little has been determined.
Nobody wants to publicly say the Toyota owners filing complaints about unintended acceleration are to blame. But quietly, I hear what people in the industry are saying.
Toyota's recent problems with "unintended acceleration" and faulty brakes could prove to be a valuable lesson for those who believe that protectionism is the answer to all our problems.
Stocks ended lower Wednesday as Washington ramped up reform in the health care and financial sectors and as the Fed's beige-book report showed the economy is improving but not at a fast enough pace to spur hiring.
Stocks advanced Wednesday as reports on the services sector and jobs came in better than expected.
There are times to buy a car and then there are really good times to buy a car. Right now is one of those times.
Stock market futures pointed to a slight rise at the start of trading Wednesday, but numbers on private employment and planned layoffs could alter the tone of trading.
Today in China, Toyota President Akio Toyoda apologized to the Chinese for the quality problems that lead to the company recalling more than 9 million vehicles worldwide.
It's one question I hear time and again: Does Akio Toyoda get it? Does he realize how bad this situation is for Toyota ?
As two days of Congressional hearings begin today, there is one question above all others that will be front and center: are the electronics in Toyota gas pedals flawed?
Toyota's stay in the penalty box won't be a quick one. If the last week has shown us anything it's the fact hearings, lawsuits, and a steady stream of stories about Toyota being slow to recall millions of potentially dangerous will keep flowing for some time.
While the initial thought is Toyoda's appearance will finally be the chance for us to get to the bottom of the safety questions surrounding millions of Toyota cars and trucks, I think you'd be better served to dial back your expectations.
The initial headlines out of Japan this morning are sure to ruffle feathers on Capitol Hill. Toyota President Akio Toyoda told reporters that he is not planning to appear at congressional hearings in Washington, D.C.
As Toyota lays plans for a major incentive and marketing campaign designed to win back buyers, I was intrigued by the headlines coming from Toyota dealers at the National Auto Dealers Association meeting this weekend.