Akio Toyoda Apologises for Toyota Recall


PHOTO (select to view enlarged photo)


TOKYO - January 30, 2010: Speaking on Friday from the World Economic Forum in Davos, Switzerland, Toyota President Akio Toyoda apologised for the recall of millions of vehicles around the world due to so-called "sudden acceleration," America's latest lawsuit goldmine.

Toyoda's rare appearance came as the deepening recall crisis threatens to further damage the company's sales and delay an earnings recovery.

"We're extremely sorry to have made customers uneasy," Toyoda said. "We plan to establish the facts and give an explanation that will remove customers' concerns as soon as possible."

Toyota is primarily blamming defective brake pedals for the problem. Yesterday, CTS Corporation issued a statement that flatly denied that their product was at fault, citing various claims of the same problem that went back years before CTS was supplying brake pedals to Toyota. The CTS statement cab be read at http://www.theautochannel.com/news/2010/01/29/463816.html.

Reports are that as of Saturday, the global recalls of Toyota cars and trucks had risen to about 7.5 million vehicles, nearly equal to its worldwide sales in 2009. Toyota has said the defective pedal was not used in any of its cars in Japan, Australia and Asia excluding China.

Toyota has not recalled any cars in Japan, where it uses different suppliers.

SEE ALSO: Toyota Facing an Audi-like Media Firestorm

-->

Home | Buyers Guides By Make | New Car Buyers Guide | Used Car Super Search | Total New Car Costs | Car Reviews Truck Reviews
Automotive News | TACH-TV | Media Library | Discount Auto Parts

Copyright © 1996-2014 The Auto Channel. Contact Information, Credits, and Terms of Use. These following titles and media identification are Trademarks owned by The Auto Channel, LLC and have been in continuous use since 1987 : The Auto Channel, Auto Channel and TACH all have been in continuous use world wide since 1987, in Print, TV, Radio, Home Video, Newsletters, On-line, and other interactive media; all rights are reserved and infringement will be acted upon with force.

Privacy Statement | Size Does Matter | Media Kit | XML SITE MAP | Affiliates

Send your questions, comments, and suggestions to Editor-in-Chief@theautochannel.com.

Submit Company releases or Product News stories to submit@theautochannel.com.
Place copy in body of email, NO attachments please.

To report errors and other problems with this page, please use this form.

Link to this page: http://www.theautochannel.com/