UPDATE 1-U.S. Congress intensifies Toyota recall probe

* U.S. House panel to hold hearing Feb. 25

* Lawmakers want to know how Toyota addressing defects

* U.S. Transport Secretary satisfied with Toyota response

WASHINGTON, Jan 28 (BestGrowthStock) – Congressional investigators
sought documents and other information on Thursday from Toyota
Motor Corp (7203.T: ) and U.S. safety regulators about the
automaker’s recall of millions of vehicles due to sudden

House Energy and Commerce Committee Chairman Henry Waxman
said in a letter to Toyota executives and the National Highway
Traffic Safety Administration (NHTSA) that he would hold a
hearing on Feb. 25.

“Like many consumers, I am concerned by the seriousness and
scope of Toyota’s recent recall announcements,” Waxman said in
a statement.

“I look forward to learning more about the steps Toyota is
taking to address safety defects, and I hope that the automaker
will continue to cooperate with (NHTSA) to get unsafe vehicles
off our roads.”

Waxman said the hearing would address “how quickly and
effectively” Toyota and regulators responded to consumer
complaints about the safety of recalled vehicles.

Toyota is recalling nearly 6 million cars and trucks,
including top sellers in North America, to address the risk of
sticking accelerator pedals.

Toyota plans to modify or replace the pedals, but any
remedy must be approved by NHTSA.

Transportation Secretary Ray LaHood told reporters on
Thursday he is satisfied with Toyota’s response so far in
recalling vehicles and halting production and sales of those
models until a fix is in place.

“I have no criticism of Toyota on this. They are following
the law,” LaHood said.

Stock Market Investing
(Reporting by John Crawley; additional reporting by Susan
Heavey and Lisa Richwine; editing by Andre Grenon)

UPDATE 1-U.S. Congress intensifies Toyota recall probe