Toyota exec says financial impact of recall unknown

NAGOYA, Japan (BestGrowthStock) – A Toyota Motor Corp executive said on Tuesday that he did not know what the financial impact would be of a recall to fix its vehicles equipped with faulty accelerators.

“I got a free hand when dealing with this recall issue to do everything needed to put the customer first,” Executive Vice President Shinichi Sasaki, in charge of quality, told a news conference at Toyota’s office in Nagoya, central Japan.

“So I am not aware of the cost that this issue will incur,” he said, noting that Toyota’s third-quarter results were due on Thursday.

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(Reporting by Chang-Ran Kim)

Toyota exec says financial impact of recall unknown