Toyota Motor CEO Akio Toyoda's testimony to Congress is over, but huge legal, regulatory and sales problems still confront the Japanese automaker, experts said. "There is still a very large bull's-eye pinned to Toyota right now," said Aaron Bragman of IHS Global Insight. U.S. prosecutors are considering criminal charges, the Securities and Exchange Commission is investigating the company, highway-safety officials are reviewing Toyota's recalls, and lawyers anticipate an avalanche of civil lawsuits. On top of it all, Toyota sales fell 16% in January.
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