THE SMART NEWS SOURCE | Feb 10 2012 13:42 | LAST UPDATED Feb 10 2012 13:42 |
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Toyota foresees profit slump after quake, strong yenToyota has said it expected net profit in this fiscal year to drop 31% on a strong yen and the effect on production of the March 11 disasters. The fairy-tale prince who became no-show AkioWhen Akio Toyoda became president of Toyota in June last year, he promised to steer it through its "worst crisis in a century". Toyota faces grilling in Congress, probe in JapanToyota's president braced for tough questions from a US congressional panel on Wednesday after the carmaker conceded it had let safety standards slip. Toyota memo raises stakes for chief's US hearingsA document claiming Toyota saved $100m by convincing regulators to agree to a cheap fix for acceleration problems has raised pressure on Akio Toyoda. Honda expands airbag recall as more Toyotas probedHonda said it would recall another 440 000 cars around the world for faulty airbags as rival Toyota faced probes over its largest safety crisis. Toyota pledges more responsiveness to US regulatorsToyota president Akio Toyoda has promised the top US transportation official the troubled carmaker will be more vigilant in the future. Toyota to recall Prius for brake glitchToyota, which has recalled more than eight million vehicles for problems with unintended acceleration, has decided to recall its new Prius hybrid. How did Toyota veer so far off course?When it finally came, Akio Toyoda's apology fell some way short of the dramatic mea culpa some had demanded from the Toyota president. Toyota president 'very sorry' for safety recallsToyota's president emerged on Friday to apologise for the recent safety recalls that risk ruining the reputation of one of Japan's corporate icons. |
Photos about Akio Toyoda
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