Monday, February 22, 2010

Toyota's president will answer to congress
by Barbora Misakova


Every day we are sitting into our cars, trusting not only our driving skills and instincts but also believing in responsibility of mechanics and car producers. Safety is the first thing we are interested in when we want to buy a car. Safety car for me and for my family – that is the basic demand. What would happen if this users’ request would be ignored? The cars would become metal coffins. And that would be a serious problem. That would be more than that! Former Toyota lawyer Dimitrios Biller has lot of to say. He has accused the world’s biggest car maker Toyota of hiding and destroying evidence of safety problems. According to his words, in Toyota Motor ! Corporation “a culture of hypocrisy and deception” is living. Boss of Toyota Motor Akio Toyoda was initially reluctant to appear before the US Congress. Later, when he received an official letter sent by Representative Edolphus Towns, he said: “I decided that I am pleased to go. I want to speak there with all sincerity. What I want to stress most is our cooperation in determining the causes (of the problems) and our firm stance on safety.” As Toyota has denied Biller’s claims, this top US lawyer for Toyota from 2003 to 2007 was also asked to come. He was asked to bring all documents he has to prove his statement. As Mamoru Kato, an analyst at Tokai Tokyo Research Center said: “Toyota Motor hopes to calm the issue with Toyoda appearance, but it’s unlikely. There is no sign of this blowing over as distrust in Toyota is quite serious, particularly in the United States.”

related story (sgx16534): http://www.france24.com/en/20100219-car-industry-toyota-head...
by Barbora Misakova
for SigEx Ventures (http://sigexventures.com)

SigEx Ventures's matrix of properties are quickly becoming leaders in digital telebroadcasting, free content delivery allowing people to easily talk, view, upload and share through free online TV broadcasting, free unlimited global calls, video blogs and SMS. SigEx Ventures invests in projects deploying "free" to add-on royalty revenue models

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