Tags: US | Toyota | Recall

Documents: Toyota Boasted Saving $100M On Recall

Sunday, 21 Feb 2010 05:49 PM

 

Share:
  Comment  |
   Contact Us  |
  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 This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Ukrainian Jews Look to Israel for Repatriation

Monday, 21 Apr 2014 09:09 AM

Ukrainian Jews are looking to Israel for repatriation after a leaflet was circulated in the Eastern European country say . . .

British PM Criticized for Saying UK Is Christian Country

Monday, 21 Apr 2014 08:59 AM

British Prime Minister David Cameron was accused on Monday of sowing sectarianism and division after stressing in an Eas . . .

UAW Withdraws Appeal of Volkswagen Union Vote

Monday, 21 Apr 2014 08:57 AM

The United Auto Workers is withdrawing its appeal of the outcome of a union vote at Volkswagen's assembly plant in Tenne . . .

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

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