Tags: US | Toyota | Recall

Documents: Toyota Boasted Saving $100M On Recall

Sunday, 21 Feb 2010 05:49 PM

 

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink

New documents shared with congressional investigators show that Toyota officials boasted saving $100 million by successfully negotiating with the government on a limited recall over complaints of sudden acceleration.

The documents were turned over to the House Oversight and Government Reform Committee and were obtained by The Associated Press on Sunday.

In an internal presentation in July 2009, Toyota said it saved $100 million by negotiating an "equipment recall" of floor mats involving 55,000 Toyota Camry and Lexus ES350 vehicles in September 2007.

The savings are listed under the title, "Wins for Toyota-Safety Group."

Congress is scheduled to hold two hearings this week on Toyota, which has recalled 8.5 million vehicles to deal with problems with accelerator pedals and brakes.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Sony Thanks Moviegoers for $1 Million 'The Interview' Opening

Friday, 26 Dec 2014 12:36 PM

On the heels of a $1 million-plus Christmas Day launch for "The Interview," Sony Pictures' top distribution executive h . . .

NSA Reports Show Vast 'Inadvertent' Spying on Public

Friday, 26 Dec 2014 12:36 PM

The National Security Agency has released its records detailing privacy violations against innocent Americans during its . . .

Bachmann: Obama 'Embraces Jihad Agenda' in Anti-Israel Stance

Friday, 26 Dec 2014 11:51 AM

Minnesota Rep. Michele Bachmann says that President Barack Obama has undermined Israel and supported Islamic jihad whene . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved