Subject: txt crpt bbro sclm lbrty mny -
The top U.S. transportation official on Wednesday warned Toyota owners caught up in its recall to stop driving their cars... [snip]
Although Transportation Secretary Ray LaHood later called his remark an obvious misstatement, it drove Toyota shares down by as much as 8 percent... [snip]
LaHood also said he would take the unusual step of calling Toyota President Akio Toyoda to emphasize how seriously the Obama administration is taking investigations into reports of uncontrolled acceleration in Toyota vehicles.
"Our ... people will hold Toyota's feet to the fire to make sure they are going to do everything they said they were going to do to make the vehicles safe,"
The developments underscored the increasingly political overtones to all aspects of the automotive sector now that the government is part owner of GM and Chrysler...
[Never forget that the government 'pressuring' Toyota is now a business competitor to it...]
READ MORE
No comments:
Post a Comment