US fines Toyota $16M for hiding gas pedal defect - Page 2

*The_Blur* · 04-06-2010, 04:30 PM

Quote:

Originally Posted by DGthe3

Wasn't there a report that said Toyota saved $100M by issuing a limited recall?

They'll lose a whole lot more than that in settlements and lawsuits now that the federal government has passed bureaucratic judgement.

Rtoups · 04-06-2010, 04:42 PM

Fines and lawsuits aside, Toyota is gonna lose the MOST in loss of reputation and consumer trust. That alone could be enough to keep Toyota from ever seeing the top again.

305pride · 04-06-2010, 04:44 PM

vararam?

Whiskey Tango Foxtrot · 04-06-2010, 04:55 PM

They should take away all the tax exemptions we gave them to build factories here. I think that would be fair.

a_Username · 04-06-2010, 06:33 PM

Quote:

Originally Posted by Rtoups

Fines and lawsuits aside, Toyota is gonna lose the MOST in loss of reputation and consumer trust. That alone could be enough to keep Toyota from ever seeing the top again.

So far Toyota hasn't been affected by the congress investigations, at least in America's perception. They were only a couple thousand units behind from outselling GM last month.

fielderLS3 · 04-06-2010, 06:37 PM

The real fine will come from the marketplace. The government fine is just symbolic.

Whiskey Tango Foxtrot · 04-06-2010, 06:44 PM

Quote:

Originally Posted by fielderLS3

The real fine will come from the marketplace. The government fine is just symbolic.

No, the average idiot American will still blindly buy Toyota.

AngryAmish · 04-07-2010, 12:36 AM

Quote:

Originally Posted by Rtoups

Fines and lawsuits aside, Toyota is gonna lose the MOST in loss of reputation and consumer trust. That alone could be enough to keep Toyota from ever seeing the top again.

Eh...
The lemmings didn't stay away for too long. All it took was some deep price cuts. I guess the life of your family is worth 0% financing these days.

Quote:

Originally Posted by Whiskey Tango Foxtrot

They should take away all the tax exemptions we gave them to build factories here. I think that would be fair.

I like how you think, sir.

Quote:

Originally Posted by a_Username

So far Toyota hasn't been affected by the congress investigations, at least in America's perception. They were only a couple thousand units behind from outselling GM last month.

Quote:

Originally Posted by fielderLS3

The real fine will come from the marketplace. The government fine is just symbolic.

Well, people are still buying them. Alot of them in fact. What might end up hurting them in the long run though, is they are adopting the philosphy that I feel hurt the big 3 for so long. Which is cut the price of their cars enough because its better to take a loss and have people drive one of their cars instead a competitor's. That line of thinking is a very slippery slope.

masterofpuppets · 04-07-2010, 12:45 AM

The fine is small, yeah, but this is a good thing. This opens up Toyota to a lot of reaming in private civil trials.

Zeus · 04-07-2010, 01:06 AM

The fine is nothing compared to what they are going to loose in courts to the individuals suing them.

If they pay the fine, they basically admit they ****ed up, and thus set a precedent for those individuals to use against Toyota in court.

BigDan · 04-07-2010, 01:08 AM

Totally reminds me of this scene in one of my favorite movies.

*DGthe3* · 04-07-2010, 01:08 AM

I think Toyota has spend more on incentives for March than this fine

a_Username · 04-07-2010, 01:15 AM

Quote:

Originally Posted by Zeus

The fine is nothing compared to what they are going to loose in courts to the individuals suing them.

If they pay the fine, they basically admit they ****ed up, and thus set a precedent for those individuals to use against Toyota in court.

I hope they get sued beyond belief, as they should. However, it seems America doesn't care about these potentially deadly mistakes.

a_Username · 04-07-2010, 01:18 AM

Quote:

Originally Posted by DGthe3

I think Toyota has spend more on incentives for March than this fine

Their incentive campaign is probably less than 1% of their total revenue. The only thing this does, in regards to punishing Toyota, is what Zeus says; it opens up the floodgates of private lawsuits, considering this essentially means Toyota agrees they made a mistake.

View Poll Results: What do you think of the $16M fine against Toyota?
Too high	1	1.69%
Too low	49	83.05%
About right	2	3.39%
Who cares? Lets talk about the Z/28	7	11.86%
Who cares? Lets argue about the Vararam	0	0%
Voters: 59. You may not vote on this poll

04-06-2010, 04:42 PM	#16
Rtoups Drives: RJT 2LT Join Date: Jun 2009 Location: Palos Verdes, California Posts: 602 View My Garage	Fines and lawsuits aside, Toyota is gonna lose the MOST in loss of reputation and consumer trust. That alone could be enough to keep Toyota from ever seeing the top again. __________________ SoCal Camaro5 Family Member

04-06-2010, 04:44 PM	#17
305pride Drives: 3.4l 1995 camaro Join Date: Apr 2009 Location: miami, fl Posts: 2,202	vararam? __________________ just call me alex. they make anti-me PSA's cos im dope lmao

04-06-2010, 06:37 PM	#20
fielderLS3 Drives: 2016 Mazda6, 2011 Mustang 5.0 Join Date: Mar 2010 Location: Portage, Wisconsin Posts: 4,049	The real fine will come from the marketplace. The government fine is just symbolic. __________________ 2022 1SS 1LE (Arrived 4/29/22) "The car is the closest thing we will ever create to something that is alive." . 2022 1SS 1LE (Coming Soon)

04-07-2010, 12:45 AM	#23
masterofpuppets Pulling your strings Drives: My girlfriend crazy with car talk Join Date: Jan 2010 Location: Austin, Texas Posts: 1,246	The fine is small, yeah, but this is a good thing. This opens up Toyota to a lot of reaming in private civil trials. __________________

04-06-2010, 04:55 PM	#18
Whiskey Tango Foxtrot Account Suspended Drives: 2010 GT500 Join Date: Jan 2010 Location: Chicago. Posts: 166	They should take away all the tax exemptions we gave them to build factories here. I think that would be fair.

04-07-2010, 01:06 AM	#24
Zeus BOOOOOM MF'R!! Drives: to Chipotle daily Join Date: May 2009 Location: Flo-Rida Posts: 3,614	The fine is nothing compared to what they are going to loose in courts to the individuals suing them. If they pay the fine, they basically admit they ****ed up, and thus set a precedent for those individuals to use against Toyota in court.

04-07-2010, 01:08 AM	#26
DGthe3 Moderator.ca Drives: 05 Grand Am GT Join Date: Jul 2007 Location: Niagara, Canada Posts: 25,366	I think Toyota has spend more on incentives for March than this fine __________________ Note, if I've gotten any facts wrong in the above, just ignore any points I made with them __________________ Originally Posted by FbodFather My sister's dentist's brother's cousin's housekeeper's dog-breeder's nephew sells coffee filters to the company that provides coffee to General Motors...... ........and HE WOULD KNOW!!!! __________________ Camaro Fest sub-forum

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