Monday, February 15, 2010

Money Monday: Taking Toyota Around the Track

Related: Toyota's Troubles

Not off to a good start:

"Toyota shows pattern of responding slowly to safety concerns" by James Kanter, New York Times | February 7, 2010

Oh, they are just like any other profit-hungry corporation?


NEW YORK - Toyota’s recalls and disclosures in recent months are part of a lengthy pattern in which the automaker has often reacted slowly to safety concerns, in some instances making design changes without telling customers about problems with vehicles already on the road, an examination of its record shows....

Many automakers address problems discreetly when feasible, hoping to avoid an uncomfortable spotlight. But Toyota, a company that built its reputation with meticulous attention to quality, is now facing a credibility crisis as little-known problems are surfacing with many of its models....

That's gone, and I'll bet the AmeriKan MSM understands the feeling.

--more--"

Related: Resale values of Toyotas drop sharply

Toyota recalling Prius in Japan

As recalls mount, Toyota presses for a fix to its image

Insurer says it alerted US in 2007 about cars’ acceleration issues

Looks like we crashed before the first turn, readers.

What a wreck!