Chairman Towns, Ranking Member Issa, Members of the Committee, thank you for inviting me to testify today. My name is Yoshimi Inaba, and I am the President and COO of Toyota Motor North American and Chairman and CEO of Toyota Motor Sales, U.S.A., Inc.
As you heard today from Toyota President Akio Toyoda, [...]
The Toyota Motor Corp. has one more headache to deal with amid reports of Prius brake problem.
The Japanese automaker has been dealing with massive recalls and plant shutdown related to a sticky accelerator in a number of its models.
Executives this week announced a strategy to fix the problem which has sent [...]
Toyota Motor Corp. (TM-N77.67-2.10-2.63%) faces U.S. Congress scrutiny over its biggest ever safety recall as rival Honda Motor Co. (HMC-N34.470.100.29%) , tipped to gain from Toyota’s woes, also said it would recall thousands of cars worldwide.
Honda said it would recall a total of 646,000 units of its Fit/Jazz and [...]
Toyota will suspend sales of eight models in the US because of a problem with a sticking gas pedal. The Tuesday announcement follows a Toyota recall list that will affect 2.3 million vehicles.
The timing couldn’t be worse. After reporting its first ever annual loss last year, Toyota announced Tuesday that it will [...]
Ford announced today that it will build its next-generation Explorer at its Chicago Assembly Plant. That came as little surprise; there have been reports of this move for some time. What’s surprising is the Explorer — based on the Explorer America concept shown above — won’t be unveiled at next month’s [...]