Posts Tagged ‘toyota’

Toyota Falls To The Tort Bar

Score another one for the tort lawyers. Toyota Motor Corp.¬†agreed to pay about $1.1 billion to settle a class-action lawsuit stemming from complaints of unintended acceleration in its vehicles that soured its reputation for quality and undermined its sales globally. If you’re unfamiliar with the circumstances that led to this payout, here is a brief […]

Surprise, Toyota Not Guilty Of Building Killer Cars

It hasn’t been splashed all over the front pages or the subject of unending discussion on the cable news shows, nevertheless Toyota has been found not guilty of manufacturing cars that go speeding off on their own. The NHTSA says now that “pedal misapplication” was the culprit. Government investigators have rejected claims that electronic defects […]

Pedal Misapplication Fingered In Toyota Crashes

Barring some new calamity, the three biggest corporate villains of 2010 have been Goldman Sachs, BP and Toyota. All have been subjected to Congressional inquisitions and seemingly endless pillorying by the media, and all have parted with significant sums of money in an effort to put their problems behind them. At least one appears to […]

Toyota Cutting Capacity

Here’s a textbook example of why the climb out of the recession is going to be long, hard and probably result in a bit of an altered environment. From Reuters: Toyota Motor Corp, the world’s biggest automaker, will cut its global production capacity by 10 percent, or 1 million vehicles, the Nikkei business daily reported. […]

Toyota Set To Become Top Dog In The U.S.

Depending upon your philosophical bent, this is either good news or another sign that the Apocalypse is near. The WSJ is reporting that Toyota is slated to take over the title as the number 1 seller of light vehicles in the U.S. The bankruptcies of General Motors and Chrysler are changing the landscape of the […]

More Industrial Weakness

Three reports from industrial giants today underscored the gravity of the recession. LyondellBasel Industries sought bankruptcy protection for its U.S. subsidiary. Lyondell is the third largest independent chemical company in the World. It is headquartered in Holland. Alcoaannounced the elimination of 15,000 jobs and said it plans to cut capital expenditures by 50%. The job […]