Toyota CEO Akio Toyoda testifies at House hearing in Washington
Toyota CEO Akio Toyoda testifies at a House Oversight and Government Reform Committee hearing on Toyota's recent incidents of sudden unintended acceleration on Capitol Hill in Washington on February 24, 2010. UPI/Alexis C. Glenn
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When Toyota Chief Executive Officer Akio Toyoda predicted a comeback for the Japanese automaker last spring no one really doubted him.
Poised to reclaim the No. 1 car company title from General Motors Co., Toyota has agreed to settle class-action lawsuits related to unintended acceleration claims.
To avoid a meltdown in 2006, Ford Motor Co. mortgaged the farm putting up its assets – including its Blue Oval logo, and F-150 pickup and iconic Mustang trademarks – to secure $23.5 billion in credit.
Japanese automaker Toyota Motor Corp. said 2012 would be a year of recovery, projecting profits of $9.5 billion through March 2013.
Time is running out for Saab.
Toyota, losing market share because of its recent recalls, has announced base prices for most 2012 Camrys below those of 2011 model year prices.
Japanese car manufacturer Toyota said it is teaming with a U.S. company to create a social networking service for people to receive alerts from their cars.
Rep. John Mica, R-Fla., said Wednesday in Washington a Toyota document chalking up negotiations to limit a recall as a victory was an embarrassment.
The next congressional hearing regarding Toyota's massive recalls will involve the company's president appearing on Capitol Hill.
Rep. Darrell Issa, R-Calif., was sharply critical of Toyota Motor Corp. chief Akio Toyoda for his decision to skip a Washington hearing on Toyota's recalls.
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