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February 24th, 2010
11:55 AM ET

Toyoda promises to work with Feds

[cnn-photo-caption image=http://i.cdn.turner.com/cnn/2010/WORLD/asiapcf/01/29/japan.toyota.apology/t1larg.toyota.gi.jpg
caption="Toyota has announced it would expand its recall of millions of vehicles due to a defect in the accelerator pedal assembly."]

Aaron Smith
CNNMoney.com

Akio Toyoda, the president of Toyota, told reporters that he was looking forward to testifying before Congress as he arrived on Capitol Hill on Wednesday.

"Thank you for giving me the precious opportunity to speak at the U.S. Congress," Toyoda said, according to a translation. "I would like to thank the Congressional members."

"Safety is our first priority," he continued. "We would like to extend our full cooperation now and further in the future to the U.S. government as well as the Congress."

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Filed under: 360° Radar
soundoff (One Response)
  1. Robin Corr

    Why isn't anyone talking about the monitary aspect of what Toyota owner's now face???

    So, on top of everthing else that is wrong, we have a car that is worth a fraction of what is owed on it and we can't sell it or even trade it in.

    Nobody wants to buy a "broken" car.

    Even if we get it fixed – and I don't trust what they are saying is the "cure" to fix the problem – we have been offered 1/2 the value at trade in of what NADA and KBB showed it to be valued at a couple of months ago.

    Who is going to pay us back for that?

    February 24, 2010 at 1:34 pm |