New details from the crisis enveloping Toyota reveal a growing rift between the auto maker and U.S. regulators. The heart of Toyota's problem: Its secretive corporate culture clashed with U.S. requirements that auto makers disclose safety threats. Full Story »
Posted by Kaizar Campwala - via Alan Murray, Real Clear Politics, Google News (Business), Wall Street Journal (Most Emailed), Columbia Journalism Review
Solid reporting that walks the reader through Toyota's failing and the regulatory body's relationship with Toyota and other car companies using a easy to follow narrative since problems with Toyota accelerators were first reported.
The headline is true, but NHTSA shares the blame, being understaffed and unaggressive in its investigation. The story is excellent in its factual revelations but also in showing officials who declined comment for the story.
Why are regulators always in short supply, but criticism of their shortcomings always copious? Their value is only acknowledged in the wake of some catastrophe, then forgotten as profits loom large in the corporate mind.
“Believe me, we have changed our mind-set,” said Toyota’s quality chief, “We don’t believe this is going to be a problem in the future. We ... More »
Retrieving Comments
