Motoring Discussion > Toyota recall. Now a $16.4 M fine ? Miscellaneous
Thread Author: henry k Replies: 5
View Threaded 

New Mon 5 Apr 10 21:06 
 Toyota recall. Now a $16.4 M fine ? - henry k
Toyota May Face $16.4 Million Fine for Hiding Defect, U.S. Says

www.businessweek.com/news/2010-04-05/toyota-may-face-16-4-million-fine-for-hiding-defect-u-s-says.html

but
In the US, sales increased by 41 per cent in March compared to a year earlier despite having fallen 16 per cent year on year in January; and by nine per cent year on year in February.

Much of the achievement can be attributed to a raft of incentives introduced by the company that gave buyers discounts of up to $2,250. They ranged from interest-free loans to discount leases, but Don Esmond, a senior executive at Toyota Motor Sales USA, believes that customers also continue to have confidence in the vehicles’ safety and reliability.
Last edited by: henry k on Mon 5 Apr 10 at 21:07
Reply to this message | Report message
       
New Mon 5 Apr 10 22:00 
 Toyota recall. Now a $16.4 M fine ? - movilogo
If users suffered, then why the fine money goes to govt.?
Reply to this message | Report message
       
New Mon 5 Apr 10 22:24 
 Toyota recall. Now a $16.4 M fine ? - Zero
Its punishment.
Reply to this message | Report message
       
New Mon 5 Apr 10 23:07 
 Toyota recall. Now a $16.4 M fine ? - smokie
...and govt is hard up
Reply to this message | Report message
       
New Tue 6 Apr 10 09:40 
 Toyota recall. Now a $16.4 M fine ? - movilogo
Most likely Toyota made more than $16 million profit by not rectifying this error in the first place. For them, $16m hardly a big money.

Though the reputation lost often difficult to measure in long run.

Reply to this message | Report message
       
New Tue 6 Apr 10 20:46 
 Toyota recall. Now a $16.4 M fine ? - MD
>>difficult to measure in long run.
>>
I like that. Did it take long? :0)
Reply to this message | Report message
       
Latest Forum Posts