More problems for Toyota

More problems for Toyota with a runaway Prius in California!

From the Detroit Free Press:

LOS ANGELES — The driver of a Toyota Prius who called 911 on Monday to report his accelerator was stuck finally got the car stopped after about half hour with the help of the California Highway Patrol, law officers said.

“He was reaching speeds over 90 miles per hour,” CHP Officer Larry Landeros said of the driver, James Sikes.

A Toyota spokesman on Monday evening said the company was sending a representative to investigate the cause of the incident, which took place on Interstate 8 in San Diego County.

Read the full article here.


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Toyota “thing” getting even uglier

As this Toyota “thing” unravels you just can’t help but feel it’s going to get even uglier! And it continues to do so….

WASHINGTON — Toyota Motor Corp. “deliberately withheld relevant electronic records” that it was legally required to produce in lawsuits over SUV rollover accidents, the chairman of the House Oversight and Government Reform Committee said today.

Rep. Ed Towns, D-N.Y, said in a letter to the automaker that a review of documents subpoenaed from former Toyota lawyer Dimitrios Biller also shows Toyota may have “withheld substantial, relevant information” from federal regulators.

Read the full article at AutoNews.com.


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Ford passing Toyota in U.S.

With all of Toyota’s current problems, projections for 2010 are tilting towards Ford Motor Company retaking the #2 spot in the US for sales with GM currently retaining the #1 spot. This could be a big blow to Toyota as for years they just kept of trucking along towards the #1 position but it looks like the faulty gas acceleration problem is torching their plans and the bleeding hasn’t stopped.

It is truly amazing that one year after Ford was on the brink of disaster, the blue oval is now the darling of the US auto market. Hint to Ford: Learn from Toyota’s mistakes. One more hint: Toyota won’t take this laying down and will come back with a vengeance and big time product to get back on track.

From Zacks.com:

According to a report by auto research website Edmunds.com, Ford Motor Co. (F – Analyst Report) has become the second-biggest automaker in the U.S. behind General Motors. With this, Ford has overtaken Toyota Motor Corp. (TM – Analyst Report) in the wake of Toyota’s damaging parade of recalls.

According to the website, Toyota is expected to lose more than 1 percentage point of the U.S. market share to hit 16.45% in 2010 due to its global recall of 8.5 million vehicles related to their problem accelerator gas pedals and braking systems. Meanwhile, Ford is expected to achieve 16.57% of the market in the year following General Motors with 18.12% of the market.

Read the full article here.


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Toyota stops sales of recalled models

Ouch!! What happened to the once great Toyota? Have they hit the point where things will start turning around after this huge embarrassment?

From the Detroit News:

Toyota Motor Corp., scrambling to contain damage to its reputation for safety, is halting sales and production of eight models that the automaker recalled last week to fix gas pedals that could get stuck.

Toyota said Tuesday it had told its U.S. dealers to stop selling the vehicles, which include the popular RAV4 compact sport utility vehicle and the Corolla and Camry sedans.

Toyota’s action seemed unprecedented in scope, although the company and other automakers have halted output of vehicles while they tried to correct a problem.

Read the full article here.


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