Toyota President Apologizes for Crisis

Akio Toyoda, grandson of Toyota’s founder and current president of Toyota Motor Corp., apologized for the current recalls involving some 6 million vehicles in the U.S. alone.

“"I offer my apologies for the worries," he said. "Many customers are wondering whether their cars are OK." He also called the situation a “crisis” for the company.

Industry anaylysts in Japan noted that the news conference was not only hastily put together, but also comes too late in terms of damage control.

Other news items surrounding the Toyota recall this morning include:

More From