Toyota Motor Corp. which is considered as the biggest and most reliable auto giant in history still leaves behind its problems and faces crisis though the company CEO Akio Toyoda made speech in hearings before Congress.
Toyota company is now under investigation of many organs and individuals including federal prosecutors in New York and Securities and Exchange Commission. At the moment, Toyota dealers in the United States are having to do repairs for millions of Toyota vehicles which were noted in the company's recalls.
Drivers of rental and other expensive cars are now offered new reimbursements by the company.
It is reported that a new hearings on Toyota's problems will be held next week in the Senate. And the reputation of the Japanese corporation is just beginning to come out.
According to Aaron Bragman, an auto industry analyst with IHS Global Insight, "there is still a very large bull's-eye pinned to Toyota right now."
After a week of hearings, what worth saying was that the company gave out a more reasonable explanation for its slow reactions to solve the sudden acceleration amongst its cars and trucks. Accordingly, the company will fix this problem.
After a tensely 3-hour-questioning, Akio Toyoda kept saying that sudden and unintended acceleration did not relate to electronic systems Toyota cars.
Though the company thinks that just floor interference or sticky gas pedals are causes for sudden speed-up, drivers filing complaints with Toyota and the government say that there is nothing to do with their acceleration systems. Meanwhile, electronic problems are suggested as the cause from outside experts.
In the context of the increasing crisis, the National Highway Traffic Safety Administration is investigating the potentiality of electric problems and steering system which can cause sudden acceleration based on complaints from drivers of the popular Corolla model.
Toyota recently made recalls to its nearly 10 million vehicles worldwide, but more than 6 million of them in the United States.