In the biggest recall since one involving 8M Ford vehicles in 1996, Toyota (TM) is recalling...


In the biggest recall since one involving 8M Ford vehicles in 1996, Toyota (TM) is recalling 7.43M cars worldwide due to a possible fire risk with power window switches that can melt if lubricants are misapplied. The recall includes 2.47M vehicles sold in the U.S., and takes in Toyota's Camry, Corolla and RAV4 SUV models. (PR)

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Comments (7)
  • TruffelPig
    , contributor
    Comments (4206) | Send Message
     
    Wasn't there a recent SA article calling this the best car company of the world?
    10 Oct 2012, 07:11 AM Reply Like
  • M.Brunson
    , contributor
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    why would this negate that fact. everyone makes mistakes sooner or later and admitting those mistakes on a large and preventative scale is something most companies, regardless of industry, wouldn't do. i am not saying i necessarily agree they are the best, but the seem to be acting in good faith rather than covering up their mistakes. a big positive in the long run outlook for the company.
    10 Oct 2012, 07:54 AM Reply Like
  • TruffelPig
    , contributor
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    Dear M. Brunson - have you counted the number of recalls in recent history? I think not. I own 3 Toyotas and I am well informed on those. The last one I bought was the last one. I know that. Next car: Audi or BMW.
    10 Oct 2012, 08:00 AM Reply Like
  • Gloube
    , contributor
    Comments (93) | Send Message
     
    So TrufellPig, you're saying that Toyota lost 1 client, i.e. you? This is huge, what do you think will be the impact on the stock price? Thanks in advance for your answer
    10 Oct 2012, 08:23 AM Reply Like
  • Lakeaffect
    , contributor
    Comments (1450) | Send Message
     
    I used to own a Toyota and then got an Audi instead because I was tired of the recalls. I don't like the Audi that much either, so the next car I'm getting will be an Exclibur or maybe a vintage Rolls.
    10 Oct 2012, 09:00 AM Reply Like
  • zsharper
    , contributor
    Comments (7) | Send Message
     
    Oh, it only shifted the market cap by a small amount. $1.5 billion. Pennies Watson.

     

    Joking aside, losing one customer due to multiple safety issues probably means there are plenty more out there that don't actually navigate to SA.com. Maybe.
    10 Oct 2012, 11:09 AM Reply Like
  • TruffelPig
    , contributor
    Comments (4206) | Send Message
     
    Do you know how many recalls there have been recently? Many. I had at least one on each of my cars (Corolla, 4Runner, Camrey). The anti lock breaks on my Corolla and 4Runner still work funny and are dangerous in my opinion. Toyota will lose millions of clients over this and is losing slowly but surely its #1 spot in the car industry. Quality control seems to have taken it on the chin in recent years.
    10 Oct 2012, 11:46 AM Reply Like
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