Toyota cuts U.S. lobbying expenses by almost a third in the Q1

Article by Christian A., on August 25, 2010

In the first quarter, Toyota Motor Corp. cut its US lobbying expenses by nearly a third as it faced recalls and investigations into the defects of its Camry and Prius vehicles that put the cars at risk of unintended acceleration. For lobbying from January to March, Toyota spent $880,000, a 32% drop from $1.3 million in the same period a year earlier, according to congressional filings released recently.

During the quarter, US lawmakers had four hearings to examine Toyota's recall of over 8 million cars and trucks worldwide to repair unintended acceleration issues. On Feb. 24, company president Akio Toyoda, the grandson of the founder, testified at the House Oversight and Government Reform Committee hearing.

An internal company document showed to the panel indicated that Toyota saved $100 million by negotiating with federal safety regulators to limit car recalls. This document listed the company's having been able to avoid an investigation into rust on its Tacoma pickup as an accomplishment of Toyota's Washington office.

On April 19, Toyota agreed to pay a $16.4 million fine for its failure to promptly report accelerator pedal flaws. US Transportation Secretary Ray LaHood said the fine is evidence that Toyota accepts responsibility.

Toyota had denied being liable for the claims made by the National Highway Traffic Safety Administration and said it paid the amount to steer clear of "a protracted dispute."

Furthermore, Toyota's report shows how the company lobbied the House and Senate on issues, which include making it easier for workers to unionize, patents, financial regulation and energy matters. The recalls were not mentioned.

If you liked the article, share on:

Comments

Recommended

The Nurburgring is the one track that many automakers want to hold a record of, because only the best of the best do. This time, a group of extraordinary passionate...
by - July 25, 2017
Would you like your convertible to be inspired by a yacht? Well, you do not have to imagine it anymore - thanks to the Bentley Continental GT Convertible and Mulliner...
by - July 25, 2017
The 2018 Jaguar E-Pace is the leaping cat’s first venture into the compact SUV segment, and sure enough, it didn’t take long before an artist rendered a wilder version of...
by - July 25, 2017
Good news for Audi EU5 and EU6 diesel car owners in Europe. They can now update their cars to fit six-cylinder or eight-cylinder TDI engines through a retrofit program, and...
by - July 25, 2017
Recently, Autocar revealed that a Ferrari SUV is on the way, after the company continuously denied that they will not build one. And unlike the usual crossover styling, Ferrari will...
by - July 25, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries