Sunday, February 21, 2010

Toyota Boasted Saving $100M on Recall

Toyota officials claimed they saved the company $100 million by successfully negotiating with the government on a limited recall of floor mats in some Toyota and Lexus vehicles, according to new documents shared with congressional investigators. The savings are listed under the title, "Wins for Toyota — Safety Group." The document cites millions of dollars in other savings by delaying safety regulations, avoiding defect investigations and slowing down other industry requirements. I wonder what Congress should do about it, let's see... maybe, make them pay.

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