Announcing that Toyota is considering a recall of its high-selling Corolla subcompact model, company president Akio Toyoda on Wednesday gave his full backing to the company's chief of U.S. operations, who he indicated would attend congressional hearings in Washington D.C. later this month.

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Toyoda and executive vice president Shinichi Sasaki also confirmed Toyota's completion of preparations for recall repairs for the "Sai" – a luxury hybrid sedan -- and Lexus HS250h vehicles in Japan. The company's dealers estimate that 70 percent to 80 percent of Prius vehicles will be successfully recalled by the end of the month, Toyoda said. Toyota's possible recall of the Corolla comes after customer complaints about its power steering. Toyoda and Sasaki addressed the media in Toyota's Tokyo headquarters on the day after the U.S. National Highway Traffic Safety Administration launched a probe into the Japanese company to determine if it acted swiftly to address problems with the accelerator pedals. Toyoda and executive vice president Shinichi Sasaki also confirmed Toyota's completion of preparations for recall repairs for the "Sai" – a luxury hybrid sedan -- and Lexus HS250h vehicles in Japan. The company's dealers estimate that 70 percent to 80 percent of Prius vehicles will be successfully recalled by the end of the month, Toyoda said. Toyota's possible recall of the Corolla comes after customer complaints about its power steering. Toyoda and Sasaki addressed the media in Toyota's Tokyo headquarters on the day after the U.S. National Highway Traffic Safety Administration launched a probe into the Japanese company to determine if it acted swiftly to address problems with the accelerator pedals.

Source: Next on the list - Corolla