Toyota Crisis Averted? Government Sitting On Final Report

Remember how Toyota was slapped with a $16.4m fine for allegedly withholding information and delaying recalls? Remember how Toyota was served again with a subpoena for information, what many read as the prelude for another $16.4m fine? (If anyone again says that $16,4m is pocket change, please send me the pocket change.) Well, there are some people in Washington who claim  that it’s the U.S.  government that might be withholding information.

According to Dow Jones Newswire (via The Nikkei [sub] ) “the Obama administration came under pressure to disclose more information about its investigation of Toyota Motor Corp. with congressional Republicans questioning whether officials are withholding data that could favor Toyota in some crashes.”

Rep. Joe Barton of Texas, the senior Republican on the House Energy and Commerce Committee, sent a letter to NHTSA, asking them to fork over crash data that, according to articles in the Wall Street Journal and TTAC article published last week, proves that in many crashes, the driver had his or her foot on the gas instead of the brake.

If it is determined the government charges were baseless, then government should face a penalty for trashing Toyota stock..



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