Toyota’s leading U.S. executive boasted to the automaker’s Washington staff last summer that they had saved the company more than $100 million by limited any regulatory action on sudden acceleration to a recall of equipment such as floor mats, according to documents turned over to a key U.S. House committee holding hearings on the issue Wednesday.



Quote from the article:

In the documents, the deal with the government was listed among “Wins for Toyota” in an internal presentation by Yoshimi Inaba, chairman and CEO of Toyota Motors Sales U.S.A. in Washington last July 6. the company last summer. The documents were obtained by the Free Press on Sunday. The documents were among thousands of pages turned over to the House Oversight and Government Reform Committee. A second committee will meet on Tuesday to discuss the Toyota recalls. “The question this raises is was the bottom line factored into Toyota’s decision making,” said Kurt Bardella, a spokesman for the committee’s ranking Republican, Rep. Darrell Issa of California “Did regulators do their due diligence once problems were brought to their attention? Did Toyota raise potential safety problems with regulators as soon as they knew a problem existed?” Toyota defended its commitment to safety.

Source: Toyota boasted it saved $100M with limited recall