Topic “Toyota”
Will taxpayers be on the hook for corporate misconduct?
Another plant closing, another distressed pension plan abandoned by the private sector. As the Detroit Free Press recently reported, Toyota is shuttering a former joint-venture plant with GM in Fremont, Calif., leaving behind $131 million in unfunded pension liabilities and 5,800 United Auto Workers in the lurch.
Is Agency’s Tight Relationship With Automakers Bad for Consumer Safety?
The widespread complaints about Toyota’s sticky accelerators are prompting criticism that federal regulators may be relying too heavily on automakers’ explanations and assurances. Much of this criticism is aimed at the National Highway Traffic Safety Administration (NHTSA).
According to the Washington Post:
For Bankers, Saying ‘Sorry’ Has Its Perils
As America recovers from the worst financial crisis since the Depression, some of the nation’s chief executives are offering that rarest of statements — an apology.
But often, their words are so carefully parsed, scrubbed by lawyers or picked over by public relations professionals that it is unclear just how much mea is in their culpa.