Posted on 07/14/2010 7:01:05 PM PDT by La Enchiladita
Shares of Toyota Motor (TM) are up $1.10, or 1.5%, at $72.82 after the company this morning said it found no fault with the electronics in its autos that had been involved in sudden acceleration incidents and that some of those incidents were caused by driver error, according to the Financial Times.
Funny enough, Toyotas announcement follows the leak by The Wall Street Journal yesterday of U.S. Department of Transportation data that suggested some incidents of sudden acceleration may have resulted form driver error, rather than faulty design or assembly of the vehicles.
Hmmm.
(Excerpt) Read more at blogs.barrons.com ...
The first generation Scions have always had that clown car look and I don’t know why!
Heard about the leaking head issue in all those 5.3’s yet?
There was a brief flurry of news about a theory concerning high voltage power transmission lines maybe being involved- which does sound at least possible to me- then that went away as quick as it came up. Anyone else hear anything about that?
Interesting post, Revel, thank you. I have a couple of neighbors who are still driving pickups from the ‘50s. They have other vehicles but those are their faves to drive.
Anyway, the report cited in the article is preliminary. The full report is not finished yet, but the business community picked up the “driver error” findings.
In your estimation, Toyota truly does make inferior vehicles? May I ask what you drive? Thanks!!
To be Fair all the new cars have far more problems. I have been a GM person for many years. But I don’t know if I would buy another one from the more modern lines. That and the Government motors part. If you can keep an old car going (Even a Toyota) then you are better off in many ways. Toyota used to be good. They just got too careless about safety. All Machines should come with an E-Stop of sorts. And the design should take into account being able to deal with most any failure.
Well, the shakedown netted $16.4 million paid to the "U.S. government" by Toyota, and the Congress people probably get their cut. Also note that hundreds of lawsuits are being filed vs. Toyota and yet another Grand Jury investigation has been called for, resulting in more Chicago-style revenue. In addition, Toyota has recalled 8.5 million vehicles. Their shares are falling and how can they survive? Is this just an attack on one company, or on the Japanese economy? And why?
China???
The Feds don’t like competition.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.