Toyota Shares Recover As Focus Shifts Towards Incompetent Safety Regulators

After yesterday’s drubbing, Toyota is getting some of its mojo back, with the stock up 3.3%.

CEO Akio Toyoda is speaking today, so there could still be some fireworks, but perhaps investors are cheered by the fact that Transportation Secretary Ray LaHood is the one in the hot seat, taking heat for the NHTSA’s failure to do anything about the car company’s safety issues.

TM chart Feb24

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.