U.S. Fine to Settle Probe Delivers Relief for Toyota — DailyFinance

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U.S. Fine to Settle Delivers Relief for Toyota

by The Press Updated Mar 20th 6:36AM Mar 20th 2014

Updated Mar 20th 2014

Alex Wong/Getty Images Attorney General Eric said Wednesday that would pay a $1.2 billion to settle charges the company hid about defects in its cars. By KAGEYAMA

TOKYO — Motor (TM ), headed to a record can afford the $1.2 billion levied by the U.S. government for information about defects in its If anything, the settlement may even relief for Toyota shareholders and as a sign the automaker has put the four-year debacle behind it.

Toyota Akio Toyoda declined to directly Thursday on the U.S. in which the Japanese automaker it hid information about defects had caused unintended acceleration in and Lexus vehicles, resulting in and deaths.

All that Toyoda told was what he has repeatedly said We have returned to basics and are customers first.

He said he had to add to a company statement that it had changed its operations to become responsive.

The recall fiasco has Toyota to take measures, empowering regional management, up checks into complaints and more care and time product development.

Starting in Toyota announced one recall another for a variety of problems, sticky gas pedals, faulty and ill-fitting floor mats eventually covered more 14 million vehicles. The $1.2 fine is the largest of its kind imposed on an auto company.

Toyota can now bring the curtain on the whole affair and focus on its business, said Shigeru analyst with SMBC Securities. Its momentum is back in the

When the recall mess Toyota was still reeling the hit it took from the global slowdown after the collapse of Brothers.

More recently, was badly hurt by the earthquake and disaster in northeastern Japan in which destroyed suppliers of and disrupted car production.

These Toyota is on a roll. It has been by a weakening of the yen, which the value of overseas earnings for exporters.

Toyota, which the Prius hybrid, Corolla and Lexus luxury models, is a record profit of 1.9 trillion yen billion) for the fiscal year March 31,

a doubling of profit from the fiscal year.

Sales are so well that Toyota, the No. 1 in the world in vehicle sales for the two years, says it’s on its way to more than 10 million a year — a feat accomplished in auto history.

is also a chance Toyota benefit from the U.S. investigation into General (GM ), which is beginning as Toyota’s allowing Toyota to grab share in the U.S. although such as Ford Motor (F ) make models similar to GM are the likely beneficiaries.

The U.S. is still a big money-maker for the world’s But they are all trying to grow in markets, such as China. may face unexpected obstacles in markets, even as it gets the U.S. crisis.

Toyota Fine-S

Toyota suffered a sales in China in 2012, when sentiment exploded over a dispute.

Toyota officials are banking heavily on China, a government decision to support vehicles to counter epic could work as a plus for Toyota is a world leader in technology.


Potholes wait in the world as shown in the lockout of at Toyota’s India plants, Bangalore, which began week over a wage

Even good fortune can frightening.

Toyota is doing so some superstitious pessimists are to the 10 million-vehicle mark as a possible Matsumura said jokingly.

It was right after then-president of Katsuaki Watanabe, announced a target of 10 million vehicles quality lapses began to

Satoru Takada, analyst at the Infinite World, a research in Tokyo, laughs at the idea, the global pie is growing as sales in emerging markets and 10 million no longer sound highly

That will just be passing milestone for Toyota. it’s going to be 20 million he said. What counts for is that it avoided further consequences. It’s over. I am it feels totally refreshed.

the grandson of the automaker’s founder, has afterward that he had headed to the grilling by U.S. Congress unintended acceleration problems, to have his career ended. had become Toyota president a few earlier.

When the Congressional ordeal was he cried at a meeting of American selling Toyota cars. years later, he has emerged one of the successful Toyota presidents in history.

He has said the automaker had too quickly. But today it is still and as fast as ever.

Interesting



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