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New Congressional Hearing set for Toyota, Looks for Repair for Lexus SUV
New Congressional Hearing set for Toyota, Looks for Repair for Lexus SUV

Yesterday, Toyota Motor Corp. said that it’s in quest of a repair for a Lexus model recognized as a “safety risk” by Consumer Reports as a U. S. congressional committee has scheduled a new hearing to inspect inadvertent acceleration in Toyota vehicles.

The world’s biggest automaker said that its engineers replicated the same “slide” that Consumer Reports magazine discovered in its examination of the 2010 GX 460 sport-utility vehicle. House Energy and Commerce Committee Chairman, Henry Waxman discretely asked Toyota for documents on unplanned acceleration for a hearing his jury will hold on probable electronic causes on May 6.

Bill Kwong, a U. S. Spokesman for Toyota’s luxury unit said, “We’re going to work on a countermeasure” to do away with the handling problem on the GX.

However, he said that it’s too early to tell what precisely it will be.

The Consumer Reports issuing a “don’t buy” assessment on the Lexus GX and revised congressional inspection underlines the challenge Toyota that experiences restoring its position following worldwide recalls of over 8 million vehicles for troubles including inadvertent acceleration.

Industry Researcher Robert Cole, Professor Emeritus at the Haas School of Business at the University of California, Berkeley said, “Big obstacles remain before Toyota can regain customer trust and its strong quality reputation, especially in the case of non-Toyota owners”.

Yesterday, Toyota’s American depositary receipts dropped 69 cents, or 0.9%, to $79.37 in New York Stock Exchange composite trading.