TOKYO - When Congress holds hearings on the Toyota recalls, the company's president won't be there. He says he's going to let Toyota's executives based in the United States handle those questions.
Meanwhile, the recalls could expand again. The company's thinking about a recall of the Corolla subcompact, after complaints about power steering problems.
Automotive analysts are divided over the effects of another possible Toyota recall.
The managing director at Advanced Research Japan says another
recall would deal a major blow to the world's largest automaker. He
called it "another big, big negative."
But others say Toyota is sending a message it's serious about maintaining quality. An analyst at Mizuho Investors Securities in Tokyo says it shows that Toyota, in his words, "has learned its lesson," in that it's now ready to "announce every investigation far more quickly."
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