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 |  Feb 18 2010, 5:54 PM

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Just days after he said he wouldn’t, Toyota CEO Akio Toyoda has accepted an invitation to testify before the House Committee on Oversight & Government Reform, which will examine the automaker’s recent spate of recalls.

“I have received Congressman Towns’ invitation to testify before the House Committee on Oversight and Government Reform on February 24 and I accept,” said Toyoda in a statement issued by Toyota today. “I look forward to speaking directly with Congress and the American people.”

At a press conference earlier this week, Toyoda announced his company’s plans to reform its safety standards, but at that time Toyoda declined to speak before Congress. Instead he planned to send Toyota North America president Yoshimi Inaba.

Transportation Secretary Ray LaHood has made known his plans to get to the bottom of the Toyota recalls, announcing that the National Highway Traffic Safety Administration (NHTSA) will use its statutory powers to obtain documents from Toyota and investigate how it learned of the defects in vehicles and when it knew about them.

Official release after the jump:

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