Toyota to pursue compensation over soot stained cars

|By:, SA News Editor

Smoke released from Nippon Steel & Sumitomo Metal's (OTC:NISTF) Nagoya plant has left soot and tar stains on 23k Toyota (NYSE:TM) vehicles parked at shipping yards in central Japan.

Cleaning each car takes about an hour and Toyota is now seeking damages for the cleaning efforts and financial cost of shipment delays (20k of the vehicles are for export).

Toyota has not mentioned how much compensation it is seeking, although Nippon Steel & Sumitomo Metal spokesman Masato Suzuki says the company "will respond in a sincere manner."