The Japanese automaker said that during the next three years it will refresh all core models, introduce 20-plus new models and focus on retail sales in the U.S.
As many as 550 jobs could be impacted in salaried, non-manufacturing areas.
The defect "caused an engine fuel tube to rupture during flight," according to the Government Accounting Office.
There’s little precedent for the tangle of safety, regulatory and financial issues.
“The CEO will have to explain to us why the strategy he hashed out eight months ago didn’t work out in the end.”
However, the firm forecast net profit to rise 19.5% in the coming year.
Filings reveal long wheel base and aerodynamic design.