Business

The fine of $16 million is not enough!
by Barbora Misakova

Desire for profit is never ending just like a fear that good old days of prosperity could be gone soon. Toyota Motor Corporation, the world’s largest automobile maker by sales is for its imprudence going straight to hell. The US government is asking for $16.4 million as the Japanese automaker failed to alert U.S. government and also its American customers to its safety problems quickly enough. As it showed, Toyota warned distributors in 31 European countries about sticking accelerator pedals months before it warned U. S. regulators. While European distributors were informed about “sticking accelerator pedals, sudden rpm increase and/or sudden vehicle acceleratio! n” already in September, National Highway Traffic Safety Administration and American drivers were informed only about “the risk of accelerator pedal entrapment by all-weather floor mats” and what is more, four months later! That is with no doubts a violation of safety regulations that could kill even more people that did so far. Transportation Secretary Ray LaHood said, he wouldn’t be surprised if a review of documents from Toyota Motor Corp. uncovered additional safety lapses by the Japanese automaker. Recall of more than 6 million vehicles in the USA is nothing to laugh at, but Toyota’s statement that it “has and will continue to practice its philosophy of satisfying consumers with high quality vehicles that are safe and reliable” is just ridiculous. They had endangered millions of people around the world, some of them died but Toyota’s fine of $16.375 million (the largest ever levied on an automaker) is not high enough and ! probably never will be.

related story (sgx16940! ): http://news.yahoo.com/s/ap/20100406/ap_on_bi_ge/us_toyota_re...

by Barbora Misakova for Cantell TV (http://cantell.tv)

Cantell TV is the fastest growing provider of digital broadcasting coupled with telecommunications, allowing people to easily control, view, upload and share digital content through proprietary interface coupled with free phone calls. Cantell TV is committed to delivering infinite choices to your world of entertainment at the tip of your fingers.

posted by Blog TechSource @ 3:25 PM