Akio Toyoda to admit Toyota grew too fast during US Committee meeting
23 February 2010

Toyota president Akio Toyoda will reiterate his belief that the company grew too big, too soon when he submits a testimony to the US Committee on Oversight and Government reform on Wednesday.

Toyoda's submission follows the recent global recalls affecting Toyota, and follows a separate Congressional hearing on Tuesday, during which his company was accused of ignoring one of the causes of sudden acceleration on its cars.

“I fear the pace at which we have grown may have been too quick. I would like to point out here that Toyota’s priority has traditionally been the following: First; safety, second; quality, and third; volume. These priorities became confused,” Toyoda will say.

“We pursued growth over the speed at which we were able to develop our people and our organisation."

Toyoda's admission comes despite the fact that Toyota expanded its engineering workforce in Japan by more than 1300 staff between 2007 and 2009, having already identified a need to add depth in this area.

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24 February 2010

Toyota seem to be coming out of this quite well. Evidence presented suggests that since NHTSA started investigating the issue in 2007 , Toyota have done everything NHTSA have asked of them .Likely outcome is more funding for NHTSA in future.

24 February 2010

Red rag to a horse.

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