Toyota: Guilty as charged?

Toyota apparently jeopardized our safety by gaming the U.S. regulatory system — adding new twists to the Feds' investigation

Toyota President Akio Toyoda speaks to reporters in Nagoya, Japan.
(Image credit: Corbis)

Toyota's future as the world's top automaker could hinge on its executives' testimony before Congress this week. The executives, including CEO Akio Toyoda, will have to answer questions about why they didn't act sooner to address dangerous brake and acceleration problems, plus newly released documents showing that they apparently convinced U.S. regulators to back off, to pad their bottom line. Does Toyota care more about profit that its customers' lives, or is the U.S. — GM's top shareholder — just harassing a business competitor?

Toyota got busted putting money over safety: It was bad enough that Toyota knew about its deadly acceleration problem six years ago, says Chris Morran in The Consumerist. Now we catch the automaker "gloating about saving $100 million" by convincing U.S. regulators to ease up in 2007? That's like when the doomed James Bond villain "goes on and on about his elaborate plan and what a genius he is."

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