Toyota apologises for massive recalls
Toyota (Japan) June 24
Toyota Motor Corp. president Akio Toyoda bowed deeply and apologised to shareholders today for the troubles caused by massive global recalls of the company's cars.
Toyoda was facing shareholders for the first time since the Japanese automaker's reputation for quality was damaged by the quality crisis that started last October.
Again bowing deeply after the remark, Toyoda also said the company was doing its utmost to improve quality control and thanked shareholders for their support.
Toyota, the world's biggest automaker, has been working to patch up its reputation after more than 8 million vehicles were recalled worldwide over reports of unintended acceleration and other defects. — AP