The U.S. trade deficit surged to a larger-than-expected $40.18 billion in December, the biggest imbalance in 12 months. The wider deficit reflected a rebounding economy that is pushing up demand for oil and other imports.
Toyota Motor's President Akio Toyoda, second from left, and Vice President Shinichi Sasaki, left, bow following a news conference Tuesday.
Details from the crisis enveloping Toyota reveal a growing rift between the auto maker and U.S. regulators, as a secretive corporate culture clashed with disclosure requirements.