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Politics : Formerly About Advanced Micro Devices

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To: J_F_Shepard who wrote (546974)	2/3/2010 7:52:21 PM
From: Brumar89	Read Replies (2) of 1575189

Today our brillaint Sec of Transportation told Toyota owners not to drive their cars. Then a short time later he said he mispoke but would hold Toyota's feet to the fire (whew, thank God he's not gonna waterboard 'em): Toyota shares drop after U.S. official's 'park it' advice Transportation secretary now says he misspoke; stock still hobbled x SAN FRANCISCO (MarketWatch) -- U.S. Transportation Secretary Ray LaHood threw gasoline on Toyota Motor Corp.'s wildly spreading recall fire on Wednesday, warning owners to stop driving their vehicles before he backpedaled just moments later. For Toyota's stock, the hasty and somewhat confusing clarification barely stemmed the bleeding. The shares fell as much as 8% before bouncing off the session lows AM Report: What's Next for Toyota?The car maker is still reeling from the impact of faulty gas pedals, prompting a government inquiry and threats of penalties, the News Hub panel reports. to close down 6% at $73.49. The latest investor exodus began during LaHood's testimony before the House Appropriations committee. "My advice is, if anybody owns one of these vehicles, stop driving it, take it to the Toyota dealer because they believe they have the fix for it," he said. [ Guess they were supposed to have their death trap towed to the dealer. ] LaHood followed up by telling reporters that he misspoke. He then issued an official statement in which he vowed to remain vigilant. "NHTSA will continue to hold Toyota's feet to the fire to make sure that they are doing everything they have promised to make their vehicles safe," LaHood commented. .... marketwatch.com [ Implied: those sneaky Toyota bastards are probably gonna try to avoid fixing their unsafe non-UMWA made, non-Government Motors death traps but I'm gonna be on them like tics on a hound. ]

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