Posts
29083
Joined
11/25/2008
Location
Thru-out, CA
US
Edited Date/Time
1/26/2012 5:57am
SO, They've got their current Fluster-Fruckis with current re-call...Great Cars...eh?
Toyota Motor Co., the largest car manufacturer in the world, is facing huge losses after recalling and suspending sales of eight of its best-selling vehicles over a potentially dangerous problem with accelerator pedals.
BNN’s Michael Kane said Toyota’s decision to suspend Canadian and U.S. sales of eight of its most popular models -- including the best-selling Camry -- is a dramatic and unprecedented move.
“It’s a very, very big problem for Toyota,” Kane told CTV’s Canada AM on Wednesday. “Stopping production is one thing, stopping selling for an unknown length of time is a major expense for Toyota. It’s unprecedented: I haven’t heard of anything like this ever happening before.”
And it could deal a stunning blow to the company’s reputation and its fledgling earnings recovery.
In overnight trading in Japan, Toyota’s shares tumbled 4.3 per cent and in pre-market trading in New York, the automaker’s shares fell 7.5 per cent.
Toyota said it will suspend production at several manufacturing plants across North America, including those that produce Corolla, Matrix and RAV4 vehicles in Canada. The stoppage will take effect during the week of Feb. 1, "to assess and co-ordinate activities," Toyota said in an email to employees.
It’s not clear how long production will remain at a standstill, but the stoppage will affect plants in Cambridge, Ont., and Woodstock, Ont., where the company employs some 5,900 people. The company says workers at those facilities will not be sent home but have the option of receiving additional training, taking vacation time or unpaid leave.
Workers at Toyota plants in Kentucky, Indiana and Texas will also be affected. The company’s Japanese factories will not be affected, but the problem could spread to Europe, where similar accelerator parts are used, and could affect millions more vehicles.
The recall, which affects roughly 2.3 million vehicles in the U.S. and 270,000 in Canada, was announced last week after reports emerged about problems with the accelerators in some models.
Kane said Toyota initially thought the problem was caused by floor mats jamming up against the vehicles’ accelerator pedals, but soon determined that it was far more serious.
“Turns out they have now uncovered a parts problem … in the pedal mechanism itself,” he said. “They’re going to have to go through the replacement of millions of these gas pedal assemblies.”
“It’s a dramatic move and an expensive move: that’s the bottom line.”
The Associated Press reported Wednesday the suspect parts are made in Canada, at a Mississauga, Ont., plant owned by Toyota supplier CTS Corp. -- according to a report Toyota handed to the U.S. National Highway Traffic Safety Administration last week.
The models affected by the recall are:
2009-2010 RAV4
2009-2010 Corolla
2009-2010 Matrix
2005-2010 Avalon
2007-2010 Camry
2010 Highlander
2007-2010 Tundra
2008-2010 Sequoia
The Camry was the best-selling midsize sedan in the U.S. as of December, with 34,000 units sold. Combined sales of the Corolla and Matrix there totalled 34,220 in December.
Last week, Toyota recalled vehicles in the U.S. and Canada in order to deal with accelerator pedals at risk of becoming stuck due to mechanical problems.
The company issued another recall in November. In that case, it was to keep gas pedals from becoming wedged under floor mats and affected some 4.2 million vehicles.
The floor-mat problem was believed to have caused several serious crashes, some of which were fatal.
The November recall did not apply to Canadian models. But the company advised Canadian owners of the Toyota Venza to remove drivers’-side all-weather floor mats.
Toyota Motor Co., the largest car manufacturer in the world, is facing huge losses after recalling and suspending sales of eight of its best-selling vehicles over a potentially dangerous problem with accelerator pedals.
BNN’s Michael Kane said Toyota’s decision to suspend Canadian and U.S. sales of eight of its most popular models -- including the best-selling Camry -- is a dramatic and unprecedented move.
“It’s a very, very big problem for Toyota,” Kane told CTV’s Canada AM on Wednesday. “Stopping production is one thing, stopping selling for an unknown length of time is a major expense for Toyota. It’s unprecedented: I haven’t heard of anything like this ever happening before.”
And it could deal a stunning blow to the company’s reputation and its fledgling earnings recovery.
In overnight trading in Japan, Toyota’s shares tumbled 4.3 per cent and in pre-market trading in New York, the automaker’s shares fell 7.5 per cent.
Toyota said it will suspend production at several manufacturing plants across North America, including those that produce Corolla, Matrix and RAV4 vehicles in Canada. The stoppage will take effect during the week of Feb. 1, "to assess and co-ordinate activities," Toyota said in an email to employees.
It’s not clear how long production will remain at a standstill, but the stoppage will affect plants in Cambridge, Ont., and Woodstock, Ont., where the company employs some 5,900 people. The company says workers at those facilities will not be sent home but have the option of receiving additional training, taking vacation time or unpaid leave.
Workers at Toyota plants in Kentucky, Indiana and Texas will also be affected. The company’s Japanese factories will not be affected, but the problem could spread to Europe, where similar accelerator parts are used, and could affect millions more vehicles.
The recall, which affects roughly 2.3 million vehicles in the U.S. and 270,000 in Canada, was announced last week after reports emerged about problems with the accelerators in some models.
Kane said Toyota initially thought the problem was caused by floor mats jamming up against the vehicles’ accelerator pedals, but soon determined that it was far more serious.
“Turns out they have now uncovered a parts problem … in the pedal mechanism itself,” he said. “They’re going to have to go through the replacement of millions of these gas pedal assemblies.”
“It’s a dramatic move and an expensive move: that’s the bottom line.”
The Associated Press reported Wednesday the suspect parts are made in Canada, at a Mississauga, Ont., plant owned by Toyota supplier CTS Corp. -- according to a report Toyota handed to the U.S. National Highway Traffic Safety Administration last week.
The models affected by the recall are:
2009-2010 RAV4
2009-2010 Corolla
2009-2010 Matrix
2005-2010 Avalon
2007-2010 Camry
2010 Highlander
2007-2010 Tundra
2008-2010 Sequoia
The Camry was the best-selling midsize sedan in the U.S. as of December, with 34,000 units sold. Combined sales of the Corolla and Matrix there totalled 34,220 in December.
Last week, Toyota recalled vehicles in the U.S. and Canada in order to deal with accelerator pedals at risk of becoming stuck due to mechanical problems.
The company issued another recall in November. In that case, it was to keep gas pedals from becoming wedged under floor mats and affected some 4.2 million vehicles.
The floor-mat problem was believed to have caused several serious crashes, some of which were fatal.
The November recall did not apply to Canadian models. But the company advised Canadian owners of the Toyota Venza to remove drivers’-side all-weather floor mats.
Saw a news piece the other night where a Toyota employee had the problem and got the car to the dealership to show them.
It could be seen/said that the Plant Closings are a political reponse/move by Toyota.
In-fact: By the time that the Big-Hair Talking Head Ass-Holes get ahold of this...
Plant Closings = Retaliation.
I'm jus' sayin'...
This is going to cost them a ton.
I am thinking the same thing here. Maybe people, as sad as it is make sure the floor mat is securely placed where it should be or remove it all together. I own a Camry. Yes I saw this issue arise, so I reach down and pull the mat back.
Anyone remember the Audi issue in the mid 80's? Unintended acceleration?
The Shop
Toyota will quickly rebound from this and continue to be a marque to be trusted.
Their HUGE throng of longtime clients that have had families raised on Toyotas
shall not turn their loyalty to another.
And some would say that this is a bright and brave move by the company, which
may in fact provoke more loyalty - than deter it....
Seems like a very wise move to design a new pedal assembly and then have it manufactured to replace all the existing ones. This apparently involves several years of their most popular cars, and it would seem to be the most responsible thing to get all those fixed before resuming production.
Isn't this the type of behavior everyone has demanding from big corporations--to be responsible and to care about their customers?
Toyota has done EXACTLY what you've said the Terrible American Companies have done.
For 5 fuckin' YEARS...Exactly.
Dude, you oughta catch up to what's actually goin' on...and...quit makin' foolish assumptions.
I'm jus' sayin'...
As for GM , Ford and Chrysler, I've said it before, if it wasn't for their full size trucks and SUV's they would be in a world of shit. And when gas prices were lingering in the five dollar a gallon range, guess what? They were in a world of shit.
I own a Lexus and I will continue to buy Toyota products.
Let me ask you a honest question. Do you personally know anyone that has had a problem with their accelerator sticking on their Toyota.?
Pit Row
Toyota is starting to sound like the Apple snobs. Must be all the Prius owners sniffing their own farts have offended the Japanese.
FYI - I have an '09 Matrix with no accelerator problems.
I'd get some serious entertainment out of Toyota saying 'fuck you' to the American market for their stupidity of letting the government start jerking the company around.....and then having a backlash by all the Toyota owners against the pols.
If you know someone/anyone that has actually had a problem with this, post up. I wanna hear about it. I have an 05 Avalon and have had no problems with the accelerator.
Go do your homework, my only anger is with shear ignorance.
Since 2005 Toyota's avioded this issue...as in "Swept under the Rug"...Collateral Damage Control...Toyota doesn't engage in that?
Good luck with that Wal-Mart Crytal Ball you used to guess where my dad worked.
The -2- y/o, that's currently sitting @ my drum-kit behind me..hammering away, has better guessing skills than you.
R U Nacho's lil' brother?
I'm jus' sayin'...
Didn't you have a situation where the accelerator on your CR 500 stuck ?
Do tell.
TOYOTAS RULE !
Toyota engineers are developing ways to repair the pedal systems in existing cars and trucks, said spokesman Brian Lyons.
No decision has been made yet on whether to repair the pedals or replace them altogether, he said, and he would not estimate how long it will take for customers to see action. Lyons says the automaker has not decided if the new pedals will go to dealers or factories.
http://finance.yahoo.com/news/Toyota-pedal-maker-says-apf-395647835.htm…
Locally, Toyota is getting inventory from Gulf States Toyota, vehicles that have already had the recall work completed. That may not last long though. One local dealer had 250 calls yesterday regarding the recall so no doubt it is a big issue. Gas pedals are getting trimmed down to provide clearance or being replaced, carpet padding thickness is getting trimmed down and throttle cables are getting shimmed at the throttle body to prevent sticking on some models. There's a problem, they are fixing it. I can't ask for much more. Seems like less of a hassle than the big three always made it out to be. Maybe it's just because they have so many different recalls.
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