Congress needs to keep its nose out of this. What do they think they are going to do? Make even MORE laws? All that is going to do is jack up the cost of cars. It is in Toyota’s best interest to correct the problem, so they can avoid a lawsuit. I think this congress knows that they are going to be kicked to the curb when the next election rolls around, so they want ANYTHING that they think will make them look good. “Hey, we got invovled with the Toyota recall, to make the American people safer”. I call “Balonga”.
Agreed. Toyota probably created this recall faster than most manufacturers. Consumers and the legal system are more than equipped to deal with Toyota’s fate.
On the other hand, the Toyota executives and engineers could have been taking steroids which could explain their dominance in the car market. Now if that’s true, then Congress does need to investigate.
There is certain government regulations that are involved in auto manufacturing for protection purposes. I think that’s why Congress is sticking it’s nose into this and from what the article just said is that they are just investigating.
“If I sat down to write the worst thing that could happen to Toyota, it would be very close to what is happening to them now,” said Gerald Meyers, a University of Michigan business professor and veteran auto executive.
A Detroit auto executive weighs in with his expertise. Seeing how that whole industry defacated on itself, why should this guy offer anything at all? Toyota is a well run company and I’m sure they will get through this without congress or
Detroits wisedom. Probably a good time to buy the stock.
Sorry, Allan, I disagree. Congress is sticking its intrusive nose into this because we are all stupid and ignorant and can’t wipe our collectives butts without their help.
Toyota has more than stepped up to the plate with this recall. Their corporate integrity(a word unknown in DC) is at risk and they are striving to retain it and their market share.
If Congress gets its greedy fingers on this, it will just damage the firm and cost us more money.
Mondo, Who better to comment on the downfall of a company than a cog in the wheel who helped destroy our own auto industry? Detroit is good at handling massive recalls so their knowledge my be of use to Toyota. Using the term recall is new to Toyota. So far they have been able to get away with “service campaign” to handle their recalls of which I’ve had 10 on my 6 year old van.
Since the US Government owns GM, this seems like a conflict of interest for them to investigate a competitor. Is the government taking advantage of this opportunity to take down Toyota in hopes of improving sales for GM.
That is a very good point! I will laugh so hard if Congress says “There has been no new recalls on American made vehicles since the government stepped in and owed them”. How long have you owned them? A few months?
But yea, Congress, just stay out of Toyota’s way. Now, if there are some lawsuits that arise out of this, and Toyota doesn’t pay, THEN Congress should get involved, but not before.
We have updated our privacy policy to be more clear and meet the new requirements of the GDPR. By continuing to use our site, you accept our revised Privacy Policy.
Congress needs to keep its nose out of this. What do they think they are going to do? Make even MORE laws? All that is going to do is jack up the cost of cars. It is in Toyota’s best interest to correct the problem, so they can avoid a lawsuit. I think this congress knows that they are going to be kicked to the curb when the next election rolls around, so they want ANYTHING that they think will make them look good. “Hey, we got invovled with the Toyota recall, to make the American people safer”. I call “Balonga”.
Agreed. Toyota probably created this recall faster than most manufacturers. Consumers and the legal system are more than equipped to deal with Toyota’s fate.
On the other hand, the Toyota executives and engineers could have been taking steroids which could explain their dominance in the car market. Now if that’s true, then Congress does need to investigate.
There is certain government regulations that are involved in auto manufacturing for protection purposes. I think that’s why Congress is sticking it’s nose into this and from what the article just said is that they are just investigating.
This is a massive recall.
Love that headline….congress has probed everyone else why not Toyota next
“If I sat down to write the worst thing that could happen to Toyota, it would be very close to what is happening to them now,” said Gerald Meyers, a University of Michigan business professor and veteran auto executive.
A Detroit auto executive weighs in with his expertise. Seeing how that whole industry defacated on itself, why should this guy offer anything at all? Toyota is a well run company and I’m sure they will get through this without congress or
Detroits wisedom. Probably a good time to buy the stock.
Sorry, Allan, I disagree. Congress is sticking its intrusive nose into this because we are all stupid and ignorant and can’t wipe our collectives butts without their help.
Toyota has more than stepped up to the plate with this recall. Their corporate integrity(a word unknown in DC) is at risk and they are striving to retain it and their market share.
If Congress gets its greedy fingers on this, it will just damage the firm and cost us more money.
…especially ol’ “crap and betrayed” Waxman!
Mondo, Who better to comment on the downfall of a company than a cog in the wheel who helped destroy our own auto industry? Detroit is good at handling massive recalls so their knowledge my be of use to Toyota. Using the term recall is new to Toyota. So far they have been able to get away with “service campaign” to handle their recalls of which I’ve had 10 on my 6 year old van.
Since the US Government owns GM, this seems like a conflict of interest for them to investigate a competitor. Is the government taking advantage of this opportunity to take down Toyota in hopes of improving sales for GM.
That is a very good point! I will laugh so hard if Congress says “There has been no new recalls on American made vehicles since the government stepped in and owed them”. How long have you owned them? A few months?
But yea, Congress, just stay out of Toyota’s way. Now, if there are some lawsuits that arise out of this, and Toyota doesn’t pay, THEN Congress should get involved, but not before.
No. The investigation is to grandstand and pander to their financial backers: Unions in Detroit.
Did they demand investigations when Detroit built (oh..it still does)crappy cars?