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Toyota's president to visit China on Monday

Posted on 02/28/2010 11:41:16 AM PST by Nachum

TOKYO — Fresh from a grilling by U.S. lawmakers, Toyota President Akio Toyoda will speak Monday in China about his company's quality problems, seeking to boost confidence and ease consumer worries in the world's biggest auto market.

Toyoda, who testified at a U.S. Congressional hearing last week about the spate of global recalls plaguing Toyota Motor Corp., will speak to reporters at a Beijing hotel, company spokeswoman Ririko Takeuchi said.

The number of vehicles being recalled in China is small compared with the 8.5 million vehicles recalled worldwide since October for sticky gas pedals, faulty floor mats and glitches in braking software.

But Toyota has ambitious plans for growth in China, where it and its global rivals are finding growth that was stagnating even before the recall crisis in traditional American and European markets.

(Excerpt) Read more at ...

TOPICS: Business/Economy; Japan; News/Current Events
KEYWORDS: automakers; china; madeinchina; president; toyota; toyotas; visit
Bet they can solve their union labor problem in China...
1 posted on 02/28/2010 11:41:17 AM PST by Nachum
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To: Nachum

Hopefully they will coordinate a strategy on how to eliminate Obama and his minions from ruining the worlds economy

2 posted on 02/28/2010 11:48:29 AM PST by Michigan Bowhunter (Democrat socialist liberal did we let this happen!)
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