Badgered by Congress, Akio Toyoda vows to make Toyota's regional divisions more autonomous and less dependent on Japan.
Toyota president Akio Toyoda apologized for safety-related recalls of his firm’s cars and trucks. Also in the Toyoda testimony: Members of management will take a hands-on approach to the problems.
The Toyota recall and now its apology are reminders of the risk in pursuing market dominance and profit maximization. Wall Street is still learning the lesson of growth at any speed without regard to the safety of shaky mortgages.
The Toyota problem is a philosophical problem of management, not a technical issue.
International Space Station (ISS) Commander Jeffrey Williams is seen silhouetted by the ISS's new cupola windows in Feb. 2010. Williams takes photographs through the windows, which are now open in the ISS's observation deck.
With its Prius and Lexus recall, Toyota is gearing up to fix a software glitch for the braking system.
Despite a Toyota apology and their loyalty to the cars, some owners are furious over the handling of the Toyota recall.
Transportation Secretary Ray LaHood said he will personally call the president of Toyota, Akio Toyoda, to stress safety issues.