Ray LaHood

The U.S. Transportation Secretary, Ray LaHood, has not ruled out further fines on Toyota Motor Corp. (ADR) (NYSE: TM). The remark came during LaHood’s visit to the automakers’ headquarters in Japan. Earlier, Toyota had agreed to pay a record fine of $16.4 million, levied by the U.S. National...

Today, the Japanese carmaking giant Toyota (NYSE: TM) dissolved spectacularly following a severe and unprecedented fine of $16.4 million against a company that brought in a mere $209 billion in revenue in 2009. Stockholders and employees alike were stunned, left reeling after being thunderstruck by...

According to a report by Bloomberg, the U.S. has for the first time accused Toyota Motor Corp. (ADR) (NYSE: TM) of breaking its law, saying that it “knowingly hid a dangerous defect” that caused its vehicles to unexpectedly accelerate. Ray LaHood, the Transportation Secretary, has proposed the...

Ray Lahood, the U.S Transportation Secretary, is very concerned about the technical problems in cars manufactured by Toyota Motors. According to his department, the throttle system used in Japanese cars is interfering with electromagnetic waves. Six million vehicles of Toyota Motors Corp,(NYSE: TM...

According to CNBC, Secretary of Transportation Ray LaHood rebuked Toyota (NYSE: TM) for being slow to react to the news of its faulty gas pedals. This comment clearly shows how far Toyota has fallen in the recent past. The National Highway Transportation Safety Agency is currently investigating...