Published on Wednesday, February 03, 2010
By Daily Breeze Staff Writer
Media reports of Toyota's gas pedal problems have caused unnerved investors to flee the carmaker's shares, sending the stock price down 6 percent on Wednesday alone.
Congressional lawmakers are holding hearings and promising quick action.
The National Highway Traffic Safety Administration is expanding its investigation of the world's No. 1 carmaker.
Seeing an opening, some other automakers are using generous incentives to try to poach Toyota owners.
Yet, it's unclear whether the uproar over Toyota's recent recalls and sales suspension on eight vehicle models are causing consumers to panic in large numbers.
In fact, there is some evidence that fear has yet to spread to owners of the affected models on a scale equivalent to the amount of attention given to the pedal problem.
For example, long lines of fearful vehicle owners are not clogging dealerships demanding an immediate fix
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