Bulletin
Investor Alert

market pulse

March 8, 2010, 1:35 p.m. EST · Recommend (2) ·

Stanford professor backs Toyota's findings

Explore related topics

Alert Email Print By Shawn Langlois

TM

SAN FRANCISCO (MarketWatch) -- Toyota Motor Corp. /quotes/comstock/13*!tm/quotes/nls/tm (TM 76.99, +0.05, +0.06%) held a press conference on Monday aimed at debunking a previous study from a Southern Illinois University professor that concluded the automaker's sudden acceleration woes could be caused by an electronic malfunction. Chris Gerdes, a professor of mechanical engineering at Stanford University, was on hand to clear up what he described as "misinterpretations [that] are driving public fear and public policy." He added that they could not replicate a circuit malfunction under actual driving conditions and that some of the conclusions drawn in the earlier study could lead to "misguided policy and unwarranted fear." Toyota shares added 1.1% to $77.79 in midday trading.

/quotes/comstock/13*!tm/quotes/nls/tm Toyota Motor Corp (TM)
/marketstate/country/ The market is open10:09:35 pm The market is closed10:09:35 pm
$ 76.99 Change +0.05 +0.06%
Volume 839,196 Real time quotes

Featured Stories

ALERT: