Why is anyone so upset about this? I’m sure Toyota has a minimum of a Billion Dollar Recall Insurance policy. Oh wait, it’s with AIG (Chartis) so everything the gov. gains with Gov’t Motors they lose with AIG………that’s why this article was in the insurance journal: To remind everyone to go out and recommend recall insurance for all their large auto manufacturing accounts, not too prompt more blogging/commenting on the state of the union and scumbag lawyers. If it wasn’t for scumbag lawyers no one would need insurance (recall or not).
Temblor – good one there! We could go all day with the lawyer jokes.
And most often they are warranted. However, what will get the attention of a major company?
My story: I used to own a Dodge Intrepid. Loved it. Then problems started coming up with the engine (sludge buildup) and they suddenly discontinued the model. In a few months the value of my 4 year old car was cut by more than half due to the rumors of engines dying & them dropping it. I wrote Dodge & they said “tough luck, chump”.
If Toyota could make ten or twenty multi-million dollar payouts they would not blink and keep on putting out crappy stuff. Get the bill into the billions and finally they pay attention.
And that would not happen without greedy scum sucking lawyers who gather enough of these to make an impact.
So roast them on the spit most of the time, but also toast them with a cold one once in a while because occasionally they do some good.
insgal is correct – the same thing happened with my Mercury Villager and was a realistic place for Toyota to start looking. I own a Prius and drive it about 150 miles a day/four days a week – no problems – great car! It would be a terrible waste of money for Toyota to pay lawyers over this issue when the money can be used to solve possible engineering problems. After all, the lawyers will get 95% of the money and the consumers 5% – if the consumers are lucky.
We’ve all lost some value in some vehicles over issues that may or may not have been valid. That’s just part of owning a motor vehicle. A lot of other vehicles are having problems but, not receiving the negative press like Toyota is. The press is focusing on Toyota and letting other manufacturers alone. Hey, who is to say that this isn’t industrial sabatoge against Toyota – this is a very REAL possibility.
Why don’t we hear anything else about the 300,000 GM cars that were just recalled because of the air bags deploying for no reason? Oh…that’s right..Government Motors owns those cars….
If I’m not mistaken, didn’t GM already pay back the gov’t loan, as have virtually all the banks and AIG is well on their way to paying theirs off by selling assets, and the gov’t made a handsome profit on the interest charges?
An interesting side point, the original bailout bill, passed while Bush was still in office, only required the recipients “promise” to pay the money back. It was Obama who said “no way – we’re taking an ownership interest until the money gets paid back” – hence the cos. haste in paying back as soon as possible.
I actually underwent such an experience with my Camry. Cause was rug creep, and accelerator pedal got stuck. Kind of exciting until I put it in neutral, assayed the problem, pulled the rug back, reengaged the gear, and continued on my merry way. Total elapsed time: 15 seconds. No big deal. Risk Management solution: put rug in trunk. So how much indemnity am I entitled to?
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C’mon, most bottom feeders taste like mud. Better just to put ’em out in the compost pile so they can at least fertlize the good stuff.
Why is anyone so upset about this? I’m sure Toyota has a minimum of a Billion Dollar Recall Insurance policy. Oh wait, it’s with AIG (Chartis) so everything the gov. gains with Gov’t Motors they lose with AIG………that’s why this article was in the insurance journal: To remind everyone to go out and recommend recall insurance for all their large auto manufacturing accounts, not too prompt more blogging/commenting on the state of the union and scumbag lawyers. If it wasn’t for scumbag lawyers no one would need insurance (recall or not).
Temblor – good one there! We could go all day with the lawyer jokes.
And most often they are warranted. However, what will get the attention of a major company?
My story: I used to own a Dodge Intrepid. Loved it. Then problems started coming up with the engine (sludge buildup) and they suddenly discontinued the model. In a few months the value of my 4 year old car was cut by more than half due to the rumors of engines dying & them dropping it. I wrote Dodge & they said “tough luck, chump”.
If Toyota could make ten or twenty multi-million dollar payouts they would not blink and keep on putting out crappy stuff. Get the bill into the billions and finally they pay attention.
And that would not happen without greedy scum sucking lawyers who gather enough of these to make an impact.
So roast them on the spit most of the time, but also toast them with a cold one once in a while because occasionally they do some good.
Old saying “a stopped watch is right once a day”.
insgal is correct – the same thing happened with my Mercury Villager and was a realistic place for Toyota to start looking. I own a Prius and drive it about 150 miles a day/four days a week – no problems – great car! It would be a terrible waste of money for Toyota to pay lawyers over this issue when the money can be used to solve possible engineering problems. After all, the lawyers will get 95% of the money and the consumers 5% – if the consumers are lucky.
We’ve all lost some value in some vehicles over issues that may or may not have been valid. That’s just part of owning a motor vehicle. A lot of other vehicles are having problems but, not receiving the negative press like Toyota is. The press is focusing on Toyota and letting other manufacturers alone. Hey, who is to say that this isn’t industrial sabatoge against Toyota – this is a very REAL possibility.
Why don’t we hear anything else about the 300,000 GM cars that were just recalled because of the air bags deploying for no reason? Oh…that’s right..Government Motors owns those cars….
If I’m not mistaken, didn’t GM already pay back the gov’t loan, as have virtually all the banks and AIG is well on their way to paying theirs off by selling assets, and the gov’t made a handsome profit on the interest charges?
An interesting side point, the original bailout bill, passed while Bush was still in office, only required the recipients “promise” to pay the money back. It was Obama who said “no way – we’re taking an ownership interest until the money gets paid back” – hence the cos. haste in paying back as soon as possible.
I actually underwent such an experience with my Camry. Cause was rug creep, and accelerator pedal got stuck. Kind of exciting until I put it in neutral, assayed the problem, pulled the rug back, reengaged the gear, and continued on my merry way. Total elapsed time: 15 seconds. No big deal. Risk Management solution: put rug in trunk. So how much indemnity am I entitled to?