Toyota: in a 'spiral of decline'?

The recall of 4.5m of it's vehicles has hit Toyota's January sales - and its reputation - in a big way.

Japan's Toyota, the world's biggest car manufacturer, has apologised for having to recall a total of almost 4.5 million vehicles in North America and Europe. The cars' accelerator pedals jam so they speed up uncontrollably.

Last week the company called a temporary halt to production and sales of many popular models that jointly accounted for almost 60% of the group's US sales last year. As a result, the group's American sales slid by 16% in January as rivals' rose.

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