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Xinhua Washington, 21 NEC Japan Toyota Motor Company currently facing multiple lawsuits, which United States section and Toyota shares held by investors has misled investors and the public with their assets shrink will Toyota senior court.

It is reported that the present United States courts have at least received from investors launching of three collective action. Litigation that Toyota tries to hold a press conference, and stock analysts conference call, TV interview, so that the public is convinced that the car suddenly accelerate problem is very easy to repair, or motor vehicle accident is a driver error, thereby misleading investors and the public.

Proceedings is of the opinion that, Toyota top 10 years ago I knew automotive electronic system failure could lead to brake system failure, but to protect the company's reputation and support high, the company's stock price to cover up this point, has not announced a recall of electronic systems in motor vehicles in question, instead of repeatedly denies that there is a problem of automotive electronic systems.

Last October, Toyota as the "door" in event floor mass recall cars on the same day, the price of the stock market in the United States has dropped to 75 dollars. But Toyota has always insisted that this issue is very easy to handle, its share price rise was in January of this year to more than $ 90, but is now down to $ 79.34, $ 16 per cent; Meanwhile, Toyota in the United States capital markets stock value has fallen by 13 per cent currently only $ 1358.7.

Due to a variety of security risks, Toyota has a worldwide recall the 850 million cars. President of Toyota chapter men had in February at the United States Congress held hearings on Toyota recall events, and successively in Washington and Beijing public apology to the consumer.

[Edit: kehanchen]