Last evening, U.S. Transportation Secretary Ray LaHood declared he’d be seeking the maximum penalty from Toyota. That’s $16.4m, because “they knowingly hid a dangerous defect for months from U.S. officials and did not take action to protect millions of drivers and their families.” That’s the largest civil penalty the U.S. Department of Transportation has ever sought. According to Reuters, “previously, the largest fine was $1 million against General Motors Co for failing to promptly recall windshield wipers in 2002-2003 model vehicles.” One would think Toyota can pay that out of petty cash. But the matter has Toyota concerned. Plaintiff lawyers are rubbing their hands. Read More >
After reading the tealeaves and other more reliable indicators, it looks like Renault, Nissan, and Daimler will announce their happy three-way partnership and cross-shareholdings on Wednesday. Read More >
From the unintended consequences dept. comes yet another humdinger. Some keep saying the recent Toyota spat was intended to put the Japanese competition in its place. Instead, it ups the competitiveness of Korean and Chinese auto makers, says The Nikkei [sub]. Read More >
Ever dozed off at the wheel? Buy an upcoming Mitsubishi plug-in hybrid, and you’ll get a not quite rude, but nonetheless resolute awakening. Read More >
If you are in the market for a Toyota, then there is no rush to run to your dealer over the Easter weekend and to make any rash buying decisions. Toyota will extend its generous (or not so generous, depending on who’s doing the counting) incentives well into April. Read More >
Dang! Daimler thinks of “moving several key divisions from Berlin to its headquarters in Stuttgart to cut costs,” reports Bloomberg. There goes another source of inside intelligence: One just had to hang out at the bar of the Hyatt next to the Daimler Quartier at the Potsdamer Platz, and when there was absolutely no info to be written for TTAC, a few drinks later, we had some. The flip charts in the conference rooms of the Hyatt also were fertile grounds: They always forgot to remove their scribblings. Where will we get future sales strategies from now on? Ah, the good old times …. Read More >
As many of you have probably figured out by now, I’m a firm atheist. You die, you become worm food, and your relatives divide up your estate. Life goes on. However, when I was learning religious education at school, I was told about the many different Gods on offer. We have God, Allah, Buddha (not really a god, but you get the gist), Zeus, Apollo, Thor and loads of others. But at no point did my teacher mention a Japanese car company. Bob Lutz just did. Read More >
Germany and Japan have had a bit of a love hate relationship in the automobile world. VW-Suzuki (love), Daimler-Mitsubishi (hate), Volkswagen-Toyota (hate), Bertel and Tomoko (love). Now, here comes another hate relationship. Lexus is the 900lb silverback in the US car market. It’s Lexus’ biggest market and they do a lot to protect it. But now, some Bavarian yokels from Munich want a piece of that American pie (any sexist jokes will result in a ban … or at the very least, an icy glare from me). Read More >
Today is a big day. It’s April Fools Day. March numbers of U.S. auto sales will come out (we’ll get to that later.) Also, it is the beginning of one of the many Japanese oddities, called the fiscal year. The Japanese fiscal year spans from April 1 in the current year to March 31 in the next. So as far as the Japanese fiscal year is concerned, today is New Year! And it’s time to look back at Japanese auto sales. For the first time in what seemed to be an eternity, we can look back at Japanese auto sales without tears in our eyes. Or with gnashing teeth, depending on which side we’re on: Sales are up! Honto? Read More >
I’m not actually that cynical a person. Honestly. I want to see the best in everything, but 9 times out of 10, my cynical side is normally proven right. So, pardon me as I cast a caustic eye at the following lines.
Milwaukee’s WISN reports that a Myrna Marseilles crashed her 2009 Toyota Camry into a wall of a YMCA in her hometown Sheboygan Falls, Wis., while she was trying to park the car. “All of a sudden, there was this very loud noise and the car shot forward and hit the wall,” Miss Marseilles said. “There wasn’t time to think what I might do because the car was zipping toward the building.” Read More >
A few weeks ago, we reported that the commerce bureau and consumer protection committee of China’s Zhejiang Province’s called on Toyota to compensate drivers for costs stemming from its recall of the RAV4. The bureau wanted that Toyota supplies loaner cars while the RAV4 is in the shop (Toyota says the reflash takes 30 minutes.) The Chinese also suggested that Toyota compensates drivers for gasoline and other expenses involved in bringing cars back to dealerships. At the time, Toyota had a polite “no thanks,” for the request. Now, Toyota changed their minds. They will pay. Read More >
There is a new Japanese bride on the Match.com equivalent of the international auto business. It’s Mazda. Despite pronouncements that Mazda’s “strategic alliance with Ford will remain unshaken” (as uttered at a Monday press conference by Mazda Executive VP Masaharu Yamaki,) everybody who knows the business knows: The bloom is off the rose between Mazda and Ford. What’s more, Mazda is on the prowl to do some nampa with another potent partner. Who will it be? Read More >
If you, dear reader, had expected (or, perish the thought, hoped) that SUA hype and rapid fire recalls would bring Toyota down, then stop reading immediately. What follows will not be good for your circulatory system. Read More >
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