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Business 16 Feb 2010 | 12:00 AM

Gov't: 34 deaths alleged in Toyotas since 2000

WASHINGTON: Complaints of deaths connected to sudden acceleration in Toyota vehicles has surged in recent weeks, with the alleged death toll reaching 34 since 2000, according to new consumer data gathered by the noshade size=-1 width=50%>

Business 17 Feb 2010 | 12:00 AM

Toyota apologises for massive recalls

TOKYO: Toyota took full-page ads in major Japanese newspapers Wednesday to apologise for massive recalls, and began fixing braking glitches for two problem hybrid models, as pressure continued to build on the automaker to come clean on defects.

Business 19 Feb 2010 | 12:00 AM

Toyoda to speak with 'sincerity' to US Congress (update)

TOKYO: Toyota's president says he will speak sincerely to the U.S. Congress and the American people about his company's efforts to resolve safety problems behind massive recalls.

Business 22 Feb 2010 | 12:00 AM

Documents: Toyota boasted saving US$100mil on recall

WASHINGTON: Toyota officials claimed they saved the company US$100 million by successfully negotiating with the government on a limited recall of floor mats in some Toyota and Lexus vehicles, according to new documents shared with congressional noshade size=-1 width=50%>

Business 23 Feb 2010 | 12:00 AM

Toyota faces federal, congressional probe(update)

WASHINGTON: Federal prosecutors have launched a criminal investigation into Toyota Motor Corp.'s safety problems and the Securities and Exchange Commission was probing what the automaker told investors, the company disclosed Monday.

Business 24 Feb 2010 | 12:00 AM

US panel: Toyota appears to have dismissed failures

WASHINGTON: Toyota Motor Corp revealed it faces a US criminal investigation into its handling of the safety problems that led to massive vehicle recalls, while a US congressional panel accused it of making apparently misleading statements.

Business 25 Feb 2010 | 12:00 AM

Asia stocks mixed after Bernanke signals low rates

HONG KONG (AP): Asian stocks were mixed Thursday after the head of the U.S. Federal Reserve reassured investors borrowing costs will stay at rock-bottom lows to revive the economy.

Business 25 Feb 2010 | 12:00 AM

Toyota chief blasted by lawmakers despite apology

WASHINGTON (AP): Under blistering criticism, Toyota President Akio Toyoda personally and repeatedly apologized to Congress and millions of anxious American car-owners Wednesday for deadly defects in popular models produced by his Japanese company. But angry lawmakers forcefully declared it was hardly enough.

Business 26 Feb 2010 | 12:00 AM

Toyoda says he’s ‘deeply sorry’

TOKYO: Toyota Motor Corp president Akio Toyoda apologised to US lawmakers probing the automaker's safety record and ended the day in tears, in what Japanese politicians hoped was a first step towards rebuilding trust in the country's most valuable company.

Business 03 Mar 2010 | 12:00 AM

Toyota faces further probe by US authorities

WASHINGTON: Toyota has recalled six million cars in the US over concerns about sudden acceleration. But an analysis of government documents shows that many Toyota Camrys built before 2007, which were not subject to recalls, have been linked to a comparable number of speed-control problems as recalled Camrys.