U.S. official’s remark fans flames in Toyota crisis

WASHINGTON/DETROIT (Reuters) – The top U.S. transportation official on Wednesday warned Toyota owners caught up in its massive recall to stop driving their cars, triggering alarm and confusion in a crisis that has engulfed the automaker.

Although Transportation Secretary Ray LaHood later called his remark an obvious misstatement, it drove Toyota shares down by as much as 8 percent and prompted one congressional committee to ask Toyota whether certain models were safe.

Read more: MSNBC


February 3, 2010 - Posted by | Uncategorized | ,

1 Comment »

  1. Here’s another example of the government sticking their noses into something that is none of their business. If Toyota had been shirking their responsibility, I could see the intervention, but when things are being done as expected, leave it alone.

    But then LaHood does one stupid step more; He tells people to stop driving Toyotas.

    What is it with this administration? Are they seriously trying to destroy this economy? First it’s Obama and his ridiculous remark about Las Vegas and now this? Are these people idiots??

    Comment by MTR | February 3, 2010 | Reply

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