Problems Mount for Toyota
Posted by PKSD Law Firm on Feb 25, 2010 in Car Accidents
After surviving a bombardment of questions regarding unintended acceleration issues during back-to-back Congressional hearings, the worlds largest automaker is now facing additional problems. Those problems include:
- Toyota faces a criminal investigation by federal prosecutors in NY
- The SEC is conducting an investigation
- U.S. dealerships are facing repairs to potentially millions of vehicles
- Paying customers millions for rental cars and other expenses
Toyota execs continue to say that there is no link between the unintended acceleration and the cars electronic systems.
House lawmakers ripped Toyota execs during the hearings, revealing documents showing the automaker would save $100 million by avoiding a broad recall over unintended acceleration in 2007.
The National Highway Traffic Safety Administration is seeking records on Toyotas recalls and is conducting its own review on whether electronics were behind the vehicle defects.