American Morning
Toyota recalls more than 400,000 hybrid cars
[cnn-photo-caption image= http://i2.cdn.turner.com/cnn/2010/images/02/08/c1main.blueprius.gi.jpg caption="Toyota's president apologized as he announced the global recall of more than 400,000 of the automaker's 2010 hybrid models, including the Prius."]
Tokyo, Japan (CNN) - Toyota's president apologized profusely Tuesday as he announced the global recall of more than 400,000 of the automaker's 2010 hybrid models, including the popular Prius, for problems in their anti-lock braking systems.
"We do apologize for the inconvenience and concerns we've given to the customers," President Akio Toyoda said in making the recall announcement from the automaker's headquarters in Tokyo. "Quality is our lifeline for Toyota."
The company will work to recover its customers' trust, Toyoda said.
The automaker filed recall papers early Tuesday afternoon with the Ministry of Land, Infrastructure and Transport. Recall papers will be filed in the United States sometime Tuesday.
The recall adds to the woes of the beleaguered automaker, which had previously recalled more than 8 million cars in recent months. This latest recall was the first of Toyota vehicles sold in the domestic Japanese market.
The worldwide recall involves 437,000 vehicles, including the Toyota Prius and Sai, along with the Lexus HS250h. The Sai is sold primarily in Japan.
Sales of the Sai and Lexus HS250h will be halted until a fix is in place. Read the full story »
Check the list of vehicles being recalled | What to do if your car's on the list
Toyota recall: Complete coverage
Terror in a Tundra: Owner considers lawsuit after crash
We're still waiting to hear what Toyota plans to do about 270,000 Prius hybrid models that might have brake problems. So far, no official recall has been announced.
Meanwhile, a California woman says she's considering legal action against the automaker for an accident that left her seriously hurt. Our Deb Feyerick has the report.
CNNMoney: Prius brake fix near
'Shocking' bills expected for credit card holders
The Credit Card Act of 2009, which began its roll-out last August, moves into phase two this month, bringing a number of changes for borrowers. Our Christine Romans has the information you need to know.
Sticky situation for Toyota
Many more Toyota drivers don't know whether it's safe to drive to work today.
Now the company is acknowledging the very popular Prius had brake problems but never told customers about it. And Congress is demanding more answers from Toyota about what's really causing runaway cars.
More and more safety experts are saying "sticky" gas pedals are not the problem. So are these fixes the final fixes?
On Thursday's American Morning, our Christine Romans talked about the trouble at Toyota with David Rosenberg, owner and president of Prime Motor Group, which runs two Toyota dealerships in Massachusetts and Maine; and Joan Claybrook, former administrator of the National Highway Traffic Safety Administration.
Full Coverage: Toyota Recall
Toyota promises quick fix
After recalling millions of cars and trucks, Toyota is breaking its silence this morning.
On the table now is a plan to fix the faulty accelerator pedals with new parts already shipping to dealerships. But is that enough for millions of Toyota customers or just too little, too late?
Jim Lentz, president and chief operating officer for Toyota Motor Sales USA Inc., joined us on Monday's American Morning to answer questions.
CNNMoney: Toyota reveals gas pedal fix
Treasury Secretary Geithner defends bailout
Treasury Secretary Tim Geithner is defending the bailout and trying to set the record straight about the stimulus. He sat down for an exclusive interview with our Christine Romans.
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