Akio Toyoda agrees to testify before Congress
Toyota President Akio Toyoda, only one day after saying he would not testify before Congress, changed his mind and said moments ago that he will accept the "invitation" to testify Wednesday before the House Oversight and Government Reform Committee.
“I have received Congressman Towns’ invitation to testify before the House Committee on Oversight and Government Reform on February 24 and I accept," Toyoda said in a statement. "I look forward to speaking directly with Congress and the American people.”
This represents a big get for committee Chairman Ed Towns (D-N.Y.) and, more to the point, ranking minority member Darrell Issa (R-Calif.), who has been pestering Toyoda to come before Congress.
“We are pleased Mr. Toyoda accepted the invitation to testify before the committee," Towns and Issa said in a joint statement. "We believe his testimony will be helpful in understanding the actions Toyota is taking to ensure the safety of American drivers.”
Evidently, the growing public pressure changed his mind.
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February 18, 2010; 6:08 PM ET
Categories: Congress , Corporations , The Ticker | Tags: Akio Toyoda, Toyota problems, Toyota recall update, toyota, toyota recall model and years
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