Toyota is the latest Japanese corporate icon making headlines for all the wrong reasons. Sony has lost its lead in consumer gadgets to the likes of Apple Inc. and has suffered its own quality mishaps. Japan Airlines, a once proud flag carrier, filed for bankruptcy, saddled with billions in debt.
February 05, 2010 at 09:05 AM
1 minute read
Toyota is the latest Japanese corporate icon making headlines for all the wrong reasons.
News of the automaker’s massive vehicle recalls over faulty gas pedals in the U.S. came just days after Japan Airlines, a once proud flag carrier, filed for bankruptcy, saddled with billions in debt.
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