This morning, Department of Transportation Secretary Ray LaHood told a congressional panel that all Toyota owners who have cars affected by the recent recall involving unsafe accelerator pedals should stop driving their cars and take them to a Toyota dealer to be repaired. In response to LaHood’s remarks, Toyota shares declined even further.
However, later in the day LaHood said that he has misspoken when he said Toyota owners should stop driving recalled cars, and instead his advice for Toyota owners with recalled cars would be to contact their Toyota dealer for advice and repairs.
Toyota has announced that it can fix the accelerator hazard by installing a part that reinforces the pedal assembly. That part is being rushed to dealerships so it can be installed in recalled Toyota vehicles. And a DOT spokesperson has advised owners of recalled cars to contact their dealership to arrange for repairs as soon as possible.
Read the Wall Street Journal story.