News / Asia

Toyota President Apologizes for Global Recalls

Toyota's top executive, president and CEO Akio Toyoda
Toyota's top executive, president and CEO Akio Toyoda

Multimedia

Robert Raffaele

The president of the Japanese automaker Toyota has apologized for the company's global recall of millions of vehicles due to safety issues.  Akio Toyoda  is the grandson of Toyota's founder.

Toyota's top executive, president and CEO Akio Toyoda, offered this apology to millions of Toyota drivers Friday.

"I apologize from the bottom of my heart for all the concerns that we have given to so many customers in so many countries," said Akio Toyoda.

Toyota is recalling eight million vehicles worldwide, including the Camry and Corolla sedans, due to the accelerator getting stuck to a loose floor mat, or a design flaw in the accelerator mechanism. The automaker is also facing a recall of 270,000 Prius hybrid gasoline-electric powered sedans in Japan and the United States, due to a flaw in the car's anti-lock braking system.

Toyoda stressed his company does not take the safety issues lightly.

"The people, people who drive Toyota, who care about Toyota, I'm a little bit worried about while they are driving, they feel a little bit cautious," he said. "But believe me, Toyota's car is safety."

Toyoda said his company is moving swiftly on the global recalls involving 4.5 million vehicles for sticking gas pedals, about half of them in the U.S.

He said dealers are scrambling to make repairs on the gas pedals that need a new steel part to prevent sticking.

Until now, the CEO had been largely silent about the controversy, drawing criticism from public relations experts and analysts.

Toyota says it fixed the braking problems on Prius cars shipped since last month and is deciding what to do about models sold before then.  

The automaker estimates the recalls will cost the company $2 billion in the current fiscal year ending March 31.
 
The problems have shaken confidence of investors and consumers in the Japanese auto giant.

Toyota's stock price has slumped 22 percent in recent weeks, wiping out billions of dollars from its market value.

You May Like

At Khmer Rouge Court, Long-Awaited Verdict Approaches

First phase of trial, which is coming to an end, has focused on forced exodus of Phnom Penh in 1975 - and now many are hopeful justice will be served More

Video When Fighting Eases, Gazans Line Up at Bakeries

When there is a lull in the conflict, residents who have been hunkered down in their apartments rush out to stock up on food and other necessities More

Video Information War Rages Alongside Real One in Ukraine

Downing of Malaysian airliner, allegations of cross-border shelling move information war in war-torn country to a new level More

This forum has been closed.
Comments
     
There are no comments in this forum. Be first and add one

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Information War Rages Alongside Real One in Ukrainei
X
Al Pessin
July 31, 2014 8:13 PM
The downing of the Malaysian airliner two weeks ago, and allegations that Russians are shelling Ukrainian troops across the border, have moved the information war swirling around the Ukrainian conflict to a new level. VOA's Al Pessin reports from Kyiv.
Video

Video Information War Rages Alongside Real One in Ukraine

The downing of the Malaysian airliner two weeks ago, and allegations that Russians are shelling Ukrainian troops across the border, have moved the information war swirling around the Ukrainian conflict to a new level. VOA's Al Pessin reports from Kyiv.
Video

Video When Fighting Eases, Gazans Line Up at Bakeries

When there is a lull in the conflict in Gaza, residents who have been hunkered down in their apartments rush out to stock up on food and other necessities. Probably the most important destination is the local bakery. VOA’s Scott Bobb reports from Gaza City.
Video

Video US-Funded Program Offers Honduran Children Alternative to Illegal Immigration

President Obama and Central American leaders recently agreed to come up with a plan to address poverty and crime in the region that is fueling the surge of young migrants trying to illegally enter the United States. VOA’s Brian Padden looks at one such program in Honduras - funded in part by the United States - which gives street kids not only food and safety but a chance for a better life without, crossing the border.
Video

Video 'Fab Lab' Igniting Revolution in Kenya

The University of Nairobi’s Science and Technology Park is banking on 3-D prototyping to spark a manufacturing revolution in the country. Lenny Ruvaga has more for from Nairobi's so-called “FabLab” for VOA.
Video

Video Gazans in Shelled School Sought Shelter

Israel's air and ground assault against Hamas-led fighters in Gaza has forced many Palestinians to flee their homes, seeking safety. But safe places are hard to find, as VOA’s Scott Bobb reports from Jabaliya.
Video

Video Rapid Spread of Ebola in West Africa Prompts Global Alert

Across West Africa, health officials are struggling to keep up with what the World Health Organization describes as the worst ebola outbreak on record. The virus has killed hundreds of people this year. U.S. President Barack Obama and other world leaders are watching the developments closely as they weigh what actions, if any, are needed to help contain the disease.
Video

Video Michelle Obama: Young Africans Need to Embrace Women's Rights

U.S. first lady Michelle Obama urged some of Africa's best and brightest to advocate for women's rights in their home countries. As VOA's Pam Dockins explains, Obama spoke to some 500 participants of the Young African Leaders Initiative, a six-week U.S.-based training and development program.
Video

Video Immigrant Influx on Texas Border Heats Up Political Debate

Immigrants from Central America continue to cross the U.S.-Mexico border in south Texas, seeking asylum in the United States, as officials grapple with ways to deal with the problem and provide shelter for thousands of minors among the illegal border crossers. As VOA's Greg Flakus reports from Houston, the issue is complicated by internal U.S. politics and U.S. relations with the troubled nations that immigrants are fleeing.
Video

Video Study: Latino Students Most Segregated in California

Even though legal school segregation ended in the United States 60 years ago, one study finds segregation still occurs in the U.S. based on income and race. The University of California Los Angeles Civil Rights Project finds that students in California are more segregated by race than ever before, especially Latinos. Elizabeth Lee reports for VOA from Los Angeles.

AppleAndroid