Posted on March 9th, 2010 by Scott Nance
Toyota executives last week backed down under the glare of congressional scrutiny, saying that they would allow data from one of their vehicle “black boxes” to be read in order to try to shed light on the fatal unintended acceleration plaguing the embattled automaker.
Toyota previously had denied a request by the parents of Chris Eves, [...]
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Filed under: Commerce, Congress, Consumers, Economic News, House of Reps, In The News, In The News, Scandals, Senate
Posted on December 22nd, 2008 by Stuart O'Neill
In a nearly unprecedented action the board of Toyota has announced they expect to have a loss for the first time in 67 years. This would be the first since 1941! Can anyone again tell me that this crisis is limited to the US ? This is the MSNBC story.
NAGOYA, Japan – Toyota Motor Corp. [...]
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Filed under: In The News
Posted on November 30th, 2008 by Stuart O'Neill
I’ve been pounding an unpopular table in several places trying to show people that a $25 Billion investment/loan is critical for the US and makes common sense. I’ve taken a couple of days off from working on the subject. Today, I’ve finally found the opening statements of all three automakers to Congress.
I’m providing them below [...]
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Filed under: Congress, Credit Crisis, Economy, In The News, Stuart O'Neill
Posted on November 24th, 2008 by Stuart O'Neill
Let’s look at one segment of why the automakers were big targets last week in Senate and Congressional hearings. There was one glaring reason, according to the politicians, that showed the incompetency of the automaker CEO’s. The executives flew corporate jets to the hearings. They took huge amount of flack for being insensitive and wasting [...]
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Filed under: In The News
