Report: Toyota boasted about heading off major recall in 2007

02/22/2010 | Detroit News, The

Toyota Motor said in an internal presentation that it saved more than $100 million in 2007 by limiting a recall in response to complaints of sudden acceleration. The report is in materials Toyota gave Congress in connection with the U.S. lawmakers' investigation into the automaker's safety and recall issues. A portion of the presentation, titled "Wins for Toyota & Industry," mentions "favorable recall outcomes" and "secured safety rulemaking favorable to Toyota."

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