Source Pravda.Ru

Toyota Makes $1.2 Billion in First Quarter Despite Recall Problems

Toyota returned to profit in the fourth quarter despite the Japanese carmaker's recall problems being at their height.

In the three months to the end of March, Toyota made profits of 112bn yen ($1.2bn; £810m) a rebound from a 766bn yen loss for the period in 2009. Toyota was hit by a string of recalls, but cut its prices to keep buyers going into showrooms, BBC News says.

On Monday, the U.S. National Highway Traffic Safety Administration said it is carrying out a new investigation into Toyota to see whether it had stalled on a recall for a steering defect in 2005 in the U.S. It had carried out recalls for similar problems in Japan in 2004.

Toyota has already paid a maximum fine of $16.4 million for dallying on a recall for acceleration problems, and NHTSA could slap it with a fine of up to that amount again over the steering issue, The Associated Press informs.

On December 10, 1948 the Universal Declaration of Human Rights was adopted by the United Nations General Assembly, its thirty articles enshrining basic and fundamental rights guaranteeing dignity of the human person and equality for all, regardless of race, color, creed or gender. A pipe dream?

Human Rights Day: Let us hang our heads in shame
Comments
Turkish President Erdogan issues ultimatum to Washington and Brussels
Putin makes first comment on Trump's Jerusalem decision
Putin: Russian servicemen return home from Syria as victors
Putin: Russian servicemen return home from Syria as victors
Putin makes first comment on Trump's Jerusalem decision
Turkish President Erdogan issues ultimatum to Washington and Brussels
Ugly Christmas tree in Kiev's center shocks Ukrainians
Pentagon can not accept Russia's victory over terrorists in Syria
Putin makes first comment on Trump's Jerusalem decision
Russian general says allegations of his involvement in MH17 crash are stupid
Viktor Yanukovych speaks about Maidan snipers and Donbas civil war
Viktor Yanukovych speaks about Maidan snipers and Donbas civil war
Mikhail Saakashvili's bumpy ride in politics: From chewing his tie to climbing on rooftop
USA looking for reason to see nuclear weapons in action
USA looking for reason to see nuclear weapons in action
USA looking for reason to see nuclear weapons in action
Russian general says allegations of his involvement in MH17 crash are stupid
Russian general says allegations of his involvement in MH17 crash are stupid
Pentagon can not accept Russia's victory over terrorists in Syria
Human Rights Day: Let us hang our heads in shame
USA looking for reason to see nuclear weapons in action