Toyota Asks Disney For Public Retraction Of Unintended Acceleration Broadcast (TM,DIS)
3/18/2010- Toyota Motor Corp. (NYSE: TM) asked Walt Disney Co. (NYSE: DIS) unit ABC News for a public retraction and formal apology for an "irresponsible broadcast" of a report that suggested electronic problems in Toyota's could lead to unintended acceleration, according to a Wall Street Journal report.
In a letter to ABC News President David Westin, Toyota said that ABC created a shot of a Toyota Avalon sedan in order to "create the false and misleading impression with viewers of a dangerous and uncontrolled acceleration."
A spokesperson for ABC News said that the broadcaster received the letter and that their lawyers are reviewing it before they respond to the automaker.
Write to Chip Brian at cbrian@tradethetrend.com
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