NEW : 3:29 p.m. -- President of Toyota North America says panel will examine electronic throttle control . Akio Toyoda announces that special committee on global quality will meet March 30 . TL;DR The U.S. auto industry is facing a crisis in its ability to produce and sell cars at competitive prices, with the number of new vehicles sold falling for five straight months. Tune in to `` Larry King Live '' at 9 p.m. Wednesday ET for exclusive interview with Toyoda .
NEW : President of Toyota North America says panel will examine electronic throttle control . Akio Toyoda announces that special committee on global quality will meet March 30 . TL;DR The U.S. auto industry is facing a crisis in its ability to produce and sell cars at competitive prices, with the number of new vehicles sold falling for five straight months. Tune in to `` Larry King Live '' at 9 p.m. Wednesday ET for exclusive interview with Toyoda .