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Posted on 1/28/2009
Automotive Metal Stamping
It's the Best and Worst of Times for Toyota
It seems to be the best and worst of times for Toyota. On Monday, the U.S. National Highway Traffic Safety Administration said it is carrying out a new investigation into Toyota to see whether it had stalled on a recall for a steering defect in 2005 in the U.S. It had carried out recalls for similar problems in Japan in 2004.However, the negative press only seems to be putting a few little dings in Toyota's armor. Toyota said Tuesday that January-March profit totaled 112 billion yen ($1.2 billion) compared with a 766 billion yen loss the year before.
Not bad for being the car company that everyone seems to be picking on at the moment. To read the complete article, click here.
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