Akio Toyoda Bows Out of U.S. Hearings, Admits Corolla Recall Is Possible

Mr. Toyoda won't be coming to Washington after all. Toyota Motor (TM) President Akio Toyoda doesn't plan to testify before a congressional hearing next week, telling reporters in Tokyo on Wednesday that top Toyota officials in the U.S. can field any questions lawmakers may have. Still, Toyoda said he would consider speaking to members of Congress, if asked.