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13 Apr 2010 20:41

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Biz: Toyota’s streak of good luck keeps rollin’ over, hits Lexus brand

  • bad Toyota gets a rare “do not buy” rating from Consumer Reports for its Lexus GX 460 SUV.
  • worse The company, already weathering the storm of bad publicity, halts sales of the car. Ouch. source
Posted by Ernie Smith • 0 Comments • Permalink

12 Apr 2010 09:43

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Biz: Toyota’s way of handling recalls: Cover up, then come clean

  • I hate to break this to you, but we have a tendency for mechanical failure in accelerator pedals of a certain manufacturer on certain models. … The time to hide on this one is over. We need to come clean.
  • A note from Toyota executive Irving A. Miller • Admitting that they would have to recall millions of vehicles. Over a four-month period, the company had made an active effort to hide the problems with their cars from the government. Unsuccessfully. The New York Times’ document analysis suggests that there was a whole lotta fail going on with the vehicles, and a lot more cover-up. While the company obviously screwed up, some congressmen are suggesting that federal regulators should shoulder some of the blame. source
Posted by Ernie Smith • 0 Comments • Permalink

03 Mar 2010 10:34

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Biz: Let’s make sure every major car manufacturer does a recall

  • 540,000 Nissan vehicles recalled source
Posted by Ernie Smith • 0 Comments • Permalink

02 Mar 2010 10:37

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Biz: GM makes sure Toyota isn’t alone in its car-recall hell

  • 1.3 million Cobalts and G5s recalled due to power steering source
Posted by Ernie Smith • 0 Comments • Permalink

24 Feb 2010 11:03

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Biz: Toyota’s main main, Aiko Toyoda, hits Congress. Twitter reacts



Posted by Ernie Smith • 0 Comments • Permalink

09 Feb 2010 09:20

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Biz: Honda’s CFO: Toyota’s problems are the auto industry’s problems

  • I think we should see this Toyota problem from a broader viewpoint. If customers start to harbor doubts about [quality and safety], that would be problem for the whole industry.
  • Honda CFO Yoichi Hojo • Regarding the danger the Toyota recalls pose for the auto industry as a whole. He notes that, for this reason, his company isn’t offering incentives to Toyota customers who trade in their cars, like GM and Ford are. He sees that policy as just a little foolish. Wonder why. source
Posted by Ernie Smith • 0 Comments • Permalink

05 Feb 2010 11:09

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Biz: Toyota’s president: I take personal blame for all these problems

  • I deeply regret that I caused concern among so many people. We will do our utmost to regain the trust of our customers.
  • Toyota Motor Company President Akio Toyoda • Regarding the recent recall crisis. Toyoda, the grandson of the company’s founder, has a bit of a mess on his hands thanks to the recalls. He’s been absent in recent weeks, which hasn’t helped the company’s cause. Asked about whether they’d been underestimating the problem, he said, “I believe what is happening now is a very big problem. We are in a crisis.” source
Posted by Ernie Smith • 0 Comments • Permalink
 

04 Feb 2010 10:55

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Biz: Toyota made a profit last quarter, one to be eaten up by the recalls

  • $900
    million     the size of Toyota’s profit in the final three months of last year
  • $2
    billion     the expected cost of all the recalls for faulty gas pedals source
Posted by Ernie Smith • 0 Comments • Permalink
 
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