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Toyota Motor to Strike Back (NYSE:TM)

Submitted by WSN_Staff on Sun, 03/07/2010 - 12:46.
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Toyota

Toyota Motor Corp. (NYSE:TM) has had enough of the haters, the company is getting ready to battle its critics and pending lawsuits.

Since mid January Toyota shares have dropped 16% and are now trading in the $76 range. Toyota is planning an assault next week on its critics as the company digs in for a mammoth legal battle.  (Wsj.com) In a media event planned for Monday and a Tuesday address to 1,000 suppliers, the Japanese auto maker plans to defend its electronics systems.

Chart for Toyota Motor Corp. (TM)It will roll out independent experts like the head of Stanford University's auto-research center to discredit a study that suggests electronics are to blame for sudden acceleration in some Toyota vehicles.

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http://online.wsj.com/article/SB1000142405274870391520457510383109607259...

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