Business

Toyota again!
by Barbora Misakova

History is repeating! Most of you probably remember the case of Toyota Motor Corporation very well. Three separate but related recalls of automobiles by this corporation occurred at the end of 2009 and start of 2010. First two recalls were initiated with the assistance of the U.S. National Highway Traffic Safety Administration, when several vehicles experienced unintended acceleration. While first recall was connected with floor mat which should had allegedly caused pedal entrapment, the second recall was begun after some crashes were shown not to have been caused by floor mat incursion. Toyota Motor Corporation had to announce huge recalls. Total number of cars recalled by! this company stood at 9 million. Today Japanese automaker says it could not rule out another mass recall. As informed Toyota on Thursday, an engine fault is affecting eight models of its luxury Lexus and Crown sedans. These faults are potentially requiring a global recall that could affect up to 270,000 units. As said Hideto Zukawa, Toyota spokesman: “The defective engines, whose valve springs are not working properly, may halt in the worst case scenario while driving.” As Toyota has been hit by a series of safety recalls and has been blamed for more than 80 deaths in the USA, it is very cautious now. What is more, record 16.4-million-dollar fine is the last thing which company with a record annual net loss of $4.2 billion needs, especially when US officials have refused to rule out the possibility of more fines. Japanese auto giant is also facing a host of lawsuits over “unintended acceleration” issues, which may yet dent the future profitability o! f the company.

related story (sgx17757)! : http://www.france24.com/en/20100701-toyota-auto-industry-eng...

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 @ 1:47 PM