FROM Justin Hyde
Another Rough Week Ahead for Toyota The chief executive of Toyota, Akio Toyoda, will testify before Congres s on Wednesday. Today, two additional subpoenas have been revealed, from a federal grand jury in New York and the US Securities and Exchange Commission. Justin Hyde, who reports from Washington for the Detroit Free Press , has an update.
Toyota Recall Now Includes the Prius In his second press conference since Friday, the president of Toyota announced today that the company is recalling an additional 437,000 vehicles worldwide. Unlike the racing accelerator pedal , this recall involves Prius and Lexus models and a software problem in the anti-lock braking system. Reporter Justin Hyde is in Washington for the Detroit Free Press .
Toyota's Total Recall After reported links to 19 deaths and many injuries, Toyota recalled almost 8 million cars for safety problems with floor mats and sticky accelerators . The owners of models that are subject to recall are waiting for notices to take their cars in for repair. Today, Transportation Secretary Ray LaHood told drivers of those models to park their cars; hours later he retracted the warning. Meantime, electronics are now under investigation, and concerns are being raised about the braking system on the hybrid Prius. How long did Toyota know about the problems before announcing the recalls? Will the repairs work? How serious are the latest concerns? What about Toyota's reputation for the best on the road? What kind of crisis management will it take to protect its brand?
Chrysler to File for Bankruptcy At his news conference last night, President Obama said Chrysler might not have to resort to bankruptcy. But several bond-holding hedge funds refused to take less than what they were owed. Today, the President denounced what he called “a small group of speculators.” As it files for Chapter 11 bankruptcy, Chrysler will be merging with the Italian company Fiat. Justin Hyde reports from Washington for the Detroit Free Press .
What is Trump's plan for Middle East peace? On his first foreign tour, President Trump has promised "peace" between Israel and the Palestinians. Are there any details for re-starting talks that have been stalled for the past three years?
Venezuela spirals into economic and political chaos Venezuela, a country whose potential for prosperity is unmatched, finds itself on the verge of civil war. What sustains the repressive government? With time running out, guest host León Krauze looks at what the international community can do to pull the country from the edge of collapse.