Staff / TruthdigFeb 23, 2010
Amid major setbacks leading to massive recalls related to unintended acceleration, faulty brakes and other mechanical calamities, Toyota is shifting into damage control mode. On Tuesday, the Japanese carmaker's president, Akio Toyoda, made a personal apology before the U.S. Congress, admitting that his company got ahead of itself, prioritizing growth over quality control. Dig deeper ( 1 Min. Read )
Staff / TruthdigFeb 10, 2010
Car buyers troubled by Toyota's recalls may have considered turning their attention to Honda, another Japanese automaker with a sterling reputation for reliability. Unfortunately, the second-biggest Japanese automaker just announced an expanded recall of its own. Dig deeper ( 1 Min. Read )
Staff / TruthdigFeb 9, 2010
Sorry, Toyota. Certainly there'll be a slew of jokes about the automaker's old "Oh, what a feeling!" commercials -- oh, wait, too late! -- now that Toyota has caught yet another tough break (sorry again) in the form of a recall of about "436,000 hybrid vehicles worldwide," according to the BBC. Dig deeper ( 1 Min. Read )
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Eugene Robinson / TruthdigFeb 5, 2010
A friend of mine once had a Toyota that wouldn't die The odometer had only a dim recollection of passing 100,000 miles, the body was dinged and the paint was faded and the interior was worn, but the thing just kept running He finally parked it at the airport, removed the plates and walked away. Dig deeper ( 3 Min. Read )
Staff / TruthdigFeb 5, 2010
The brakes on the 2010 Toyota Prius have prompted a U.S. government investigation and a possible third recall for the troubled automaker, if a report in Japan's biggest business newspaper is to be believed. (continued) Dig deeper ( 1 Min. Read )
Staff / TruthdigJan 27, 2010
The world's biggest automaker is in even bigger trouble. Following an earlier recall of 4.2 million vehicles and a second recall of 2.3 million, Toyota is suspending sales of eight models and halting production at five plants in North America. (continued) Dig deeper ( 1 Min. Read )
Staff / TruthdigDec 24, 2009
Hugo Chavez muffler-rattled against the likes of Toyota, Ford, General Motors and Fiat in a speech to the country Thursday, attacking those companies for not sharing technology with local industry and threatening to kick them out of business if they did not comply. Dig deeper ( 1 Min. Read )
Staff / TruthdigSep 30, 2009
Toyota has announced a recall of eight US models, including the 2004-2009 Prius A problem with floor mats has reportedly caused the deaths of five people so far The BBC calculates the cost of the recall at two years' worth of U sales for the automaker. Dig deeper ( 1 Min. Read )
Staff / TruthdigAug 6, 2009
The Senate is finally getting around to approving more money for the wildly successful "cash for clunkers" program, which seems to have saved the auto industry from the forces of recession and bankruptcy. With an additional $2 billion on the way, the administration hopes to transform 500,000 more clunkers into cleaner, smaller, more efficient vehicles. Dig deeper ( 1 Min. Read )
Staff / TruthdigDec 23, 2008
Here's yet another sign of the econo-polcalypse: Toyota Motor Corp., which has been profitable for decades thanks to steady sales and shrewd leadership, has predicted a loss for the first time in 70 years. Dig deeper ( 1 Min. Read )
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