Sunday, March 21, 2010
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Transportation Secretary Ray LaHood Tells Consumers to Stop Driving Recalled Toyotas

Transportation Secretary Ray LaHood is telling owners of recalled Toyotas to stop driving the vehicles immediately. Lahood says that Toyota says that they know how to fix the cars and trucks that have been recalled, and that they should be taken to dealerships for the fix.

Toyota stock price is taking a beating today as it has been revealed that the National Highway Traffic Safety Administration will conduct an investigation into electronic throttle control systems and potential electromagnetic issues which would be a much bigger problem than the company has stated it has.

Lahood confirmed he is seeking to hold a meeting with Toyota Motor Corp Chief Executive Akio Toyoda about the ongoing safety concerns of their vehicles.

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