Friday, April 23, 2010

Toyota Cuts U.S. Lobbying Expenses

Toyota Cuts U.S. Lobbying ExpensesIn the first quarter, Toyota Motor Corp. revilement its US lobbying expenses by nearly a ordinal as it faced recalls and investigations into the defects of its Camry and Prius vehicles that place the cars at risk of inadvertent acceleration.

For lobbying from Jan to March, Toyota spent $880,000, a 32% drop from $1.3 million in the same period a year earlier, according to congressional filings free recently. During the quarter, US lawmakers had four hearings to investigate Toyota’s recall of over 8 million cars and trucks worldwide to repair inadvertent acceleration issues.

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