Toyota President apologises for series of recalls

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Updated February 9, 2010 20:19:03

It's usually the last act of a besieged head of major Japanese corporation, and today the president of Toyota made an unreserved apology for the strings of embarrassing recalls plaguing the car maker. The company has announced more than 400 thousand of the current model Prius hybrids, sold in 60 countries, will have go back to the dealer to have a brake problem rectified. It's facing lawsuits over the defects, the crisis will end up costing billions and Toyota's carefully cultivated reputation for reliability and quality may never be the same.


Presenter: Scott Alle
Speakers: Toby Hagon, Editor of website drive.com.au; Ian MacGowan, Senior Analyst at IbisWorld

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