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Tuesday, February 23, 2010

Toyota has been accused by a U.S. House of Representatives committee with misleading the public and investigators over its recent recalls.

The accusations, in a statement from the House Energy and Commerce Committee, claim that Toyota both relied on a flawed study in its assessment of the issue of sticking accelerator pedals at the heart of the recalls, and then made misleading statements about its response. According to the authors of the letter, Henry Waxman and Bart Stupak, Toyota dismissed, rather than investigated, the idea that the cars’ computers were at fault. In a statement, James Lentz, the president of Toyota’s American division, claimed that hardware issues were to blame, and that dealers were repairing the faulty part. Toyota also released a study commissioned from the research firm Exponent that said electronic systems were not to blame.

According to the House committee, however, the study involved only six vehicles, none of which had problems with their electrical systems, and was insufficient to produce an accurate result. “Our preliminary assessment is that Toyota resisted the possibility that electronic defects could cause safety concerns, relied on a flawed engineering report and made misleading public statements concerning the adequacy of recent recalls to address the risk of sudden unintended acceleration.”

The company is under a criminal investigation, and has received two subpoenas for documents from two House committees relating to the recalls, although whether they are directly related to the letter is unclear. The documents are related to accelerator issues in several models, as well as brake problems with the Prius hybrid car, and were served earlier in in February by a federal grand jury and the Securities and Exchange Commission. Toyota has released upwards of 75,000 pages of documents under the requests.

In a separate, though related, development, it has emerged that Toyota last year negotiated a limited recall for two models, the Toyota Camry and Lexus ES, that were affected by the accelerator recalls, saving the company an estimated $100 million. A confidential internal presentation in July 2009 made the claim, and a month later, a Lexus ES, one of the models under the limited recall crashed in California, killing four people. The claims apparently referenced a September, 2007 recall of floor mats that could trap gas pedals, the same problem that triggered a full recall of numerous Toyota cars to fix the same problem. In the same presentation, the company claimed to have avoided recalls of another model related to rust, as well as delaying new federal safety regulations.

Friday, April 1, 2011

The fallout from earthquake and tsunami catastrophes in Japan will cost Australia about A$2 billion in lost export earnings in the near term due to lower Australian exports to Japan, according to estimates in a Treasury brief released Thursday. After China, Japan is Australia’s largest export market, making up 15 percent of its total exports.

“The tragic events in Japan—together with the impact of floods and Cyclone Yasi at home—will clearly mean revenues take a substantial hit in the near term”, Treasurer Wayne Swan said in the brief.

Short term exports of “non-rural bulk commodities” are predicted to be lower as Japanese port facilities, coal-fired power stations and steel-making plants were damaged. Businesses whose export products are designated for Japan must find other customers to replace Japanese clients, the brief said. The loss of Japanese markets has been a contributor to a 6 percent drop in the price of iron ore and an 8 percent drop in the price of coal. Japan imports account for 27 percent of Australia’s iron ore and coal exports.

Also on Thursday, Japan’s manufacturing production index experienced its sharpest fall in the decade since data has been collected, indicating a steep fall in output for most businesses in Japan in March. Recently, Japanese industry seemed to be rebounding from the global financial crisis.

In Asia, concern is mounting that the electricity shortages and other disruptions to Japan’s manufacturing sector will affect manufacturing in various areas of Asia, since the manufacturing of many goods are dependent on the integrated network of supply chains.

Saturday, August 5, 2017

The United Kingdom’s Prince Philip, 96, performed his last solo official royal public engagement, before retiring from his official duties as the consort of Queen Elizabeth II after 65 years of service, with a Captain General’s parade of the Royal Marines at Buckingham Palace on Wednesday.

As the Captain General, he took the royal salute and inspected the soldiers to mark the end of the 1664 Global Challenge. He told the soldiers humorously “You all should be locked up” after they completed a 2,678 kilometer (1664 mile) trek in support of the Royal Marines Charity. 

Buckingham Palace announced Philip’s retirement plan in May. Philip succeeded King George VI — Elizabeth’s father — as Captain General of marines in 1953, the year after she succeeded him as monarch. On the announcement in May, Prime Minister Theresa May offered her well wishes and gratitude to Prince Philip, 95 years old at the time.

Lady Myra Butter, an acquaintance of Philip’s for more than eight decades, said on BBC Radio 4 program Today, of Philip’s future after retirement, “I’m sure that he won’t disappear, he will be greatly missed by everybody. He’s been such a stable character in all our lives — he’s always there and he’s always been there for the Queen and I think we’re very, very lucky to have him.”

Serving longer than any other British consort, Philip has made 22,219 solo public engagements as consort, 637 solo overseas visits, 5,496 speeches, and 14 books. He currently supports or belongs to more than 780 organisations.

Phillip, Duke of Edinburgh, is a nephew of late King Constantine I of Greece, and was born on the Greek island of Corfu. Philip is a former naval officer and courted Elizabeth during his service in the Royal Navy. He married her in 1947 in Westminster Abbey. This November will be their 70th wedding anniversary. Elizabeth described Philip as “my strength and stay”.

Thursday, October 6, 2005Romania has been chosen to host the Junior Eurovision Song Contest in 2006, according to a press release by the country’s government-funded broadcaster, TVR. According to the network, the Junior Eurovision will be held in Bucharest in November 2006, where it will be organised in a venue with a capacity of more than 6,000 seats. Romania’s successful bid has been confirmed by Svante Stockselius from the European Broadcasting Union.

The three countries shortlisted for the Junior Eurovision 2006 were Romania, Croatia, and the Netherlands. On October 4, however, it was announced that TVR had won the bidding process and the event would be held in Romania. The Junior Eurovision 2006 is the first Eurovision event to be held in Romania, and comes after Romania’s best ever result in the Eurovision Song Contest 2005, where it was ranked third.

The event will be co-financed by TVR and the European Broadcasting Union, with approximately 3.4 million Romanian lei (€1 million) being funded by the EBU.

The Junior Eurovision Song Contest was founded in 2003 and is open to constentants from across Europe ranging from eight to fifteen years of age. The 2005 event will be held on November 26 in Hasselt, Belgium, and will be attended by contestants from 17 countries, including Romania.