BFD! Toyota fined. Check this email I just received.

[napi21]

U.S. official: Toyota has indicated it will pay a $16.4 million fine for failing to promptly give notice of a defect.

>+=+=+=+=+=+=+=+=+=+=+=+=+=+=+=+=+=+=+=+=+=+=+=+=+=+=+=+=+=+=+=
Macworld has named the CNN App for the iPhone the "Best News App"
of 2009. Get breaking news alerts, watch live video coverage of
breaking news events and get local news, weather and traffic.
Download the CNN App now. Go to: http://itunes.com/app/cnnmobile
>+=+=+=+=+=+=+=+=+=+=+=+=+=+=+=+=+=+=+=+=+=+=+=+=+=+=+=+=+=+=+=



You have opted-in to receive this e-mail from CNN.com.
----------------------------------------------------------------------


Somehow I don't see that fine as a MAJOR deterrent to future behavior. Although, with all the recalls they've had in the recent months, I'm questioning the viability of the co. I'm probably to miss some but I recall brake problems, acceleration problems, floor mats getting stuck under the accelerator, rollover problems with one of their new small SUV's, and now another recall of Siennas because the cable that holds the spare up under the vehicle corrodes and fails. The spare tire falls down on the roadway and causes an accident. After working in the business world for 45+ years, I know if there are this many problems that have been found, just how many others are there that we don't know about?!

[nadinbrzezinski]

1. Oh the fine is part of their cost beneift analysis

still cheaper than fixing the problems.

Ford had those issues for a while, remember that? It took them a few years (like a generation) for some people to give them the time of day.

So they will suffer more than just a little. I know that we were considering them as a replacement for the 18 year old Toyota Truck. Not anymore.

[napi21]

2. I remember. I worked with an atty who was a former GN atty.

He showed me the docs where GM knew there were problems with their brakes and siamissed the problem as a cost of DB. He quit over the whole matter. I think one or two recalls can be absorbed by most co's with no ill effects, but Toyota has had so many in a relatively short time, I really do question the co's viability. FInes or not, you can't survive without sales!

[Booster]

3. I just sold my little RAV4 on Saturday and while I was waiting one

of the girls asked me if it ever accelerated out of control and I told her the little thing had no guts so whatever speed it got up to, I was sure I could handle it. Still, I'm gonna miss the little thing.

[tavalon]

4. Okay, I'm pissed about the piddly fine,

but I wonder if I can get a Prius at fire sale pricing. I love the Prius.