Monday, May 19, 2014

Toyota, Recalls & Repercussions.

The BBC in Feb 2010 after the slew of recalls by Toyota:

"Toyota has become too big and distant from its customers," he said in his autumn speech, castigating the firm's executives for their "undisciplined pursuit of more" and for their arrogance, which he referred to as "hubris born of success".

" Toyota Motor Corp. (7203) set a target of selling an unprecedented 10 million vehicles in 2014 after leading General Motors Co. (GM) and Volkswagen AG (VOW) in global auto deliveries for a second straight year."

GM's got a chance. They need to get everything out in the open, market their sorrow, and then come back with a vehicle that reminds the public of why we bailed them out.

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