Toyota has been know for reliability over the last 15 to 20 years. They have overtaken other automotive companies to become the most successful car company on the planet. They have been known for safety, performance, comfort, and most importantly, reliability. However, the most recent recall is tarnishing Toyota's image.
4.26 million Toyota vehicles have been recalled due to floor mats interfereing
with the accelerator pedal. An additional 2.3 Million vehicles were recalled due
to stuck accelerator issues, and Wednesday January 27th an additional 1.09
million vehicles in the US were recalled due to the floor mat issue. On top of
that, on Tuesday January 26th, Toyota halted sales on all affected models. This
has affected Toyota's stock (TM down 7.01 dollars on Wednesday 1/27/10), but has
more noticably affected the confidence of consumers around the country and
abroad.
Currently affected vehicles are the 2008 through 2010 Toyota Sequoia, 2007
through 2010 Toyota Tundra, 2010 Toyota Highlander, 2005 through 2010 Toyota
Avalon, 2009 and 2010 Toyota Matrix, 2007 through 2010 Toyota Camry, 2009 and
2010 Toyota Corolla, and the 2009 and 2010 Toyota Rav4.
However, there have been reports that previous years might also be affected. An
independent agency has done a study and found that 275 crashes and 18 deaths
since 1999 have occured due to accelerator issues whether it be the floor mats
of the mechanical function of the pedal. There have also been reports of
possible lawsuits and disgruntaled Toyota owners due to these issues. Because of
this, various automotive companies are taking advantage of the situation by
offering incentives for owners, of affected Toyota models, to trade in their
Toyota for a different make. GM is one of the companies offering these
incentives. Other dealerships, such as a Honda dealership in Dallas, are
breading fear to some Toyota owners by posting signs that state "our
accelerators don't stick"
Toyota and the makers of the accelerators (CTS Corp) are at odds on what is
actually causing the acceleratord to stick. Toyota Motor Corp told the
government that a friction problem in the accelerator may make the pedal "harder
to depress, slower to return, or, in the worst case, mechanically stuck in a
partially depressed position." CTS Corp stats that the less than a dozen
incidents of stuck accelerators due to friction problems "and in no instance did
the accelerator actually become stuck in a partially depressed condition." That
being said, on Wednesday the 27th, 2010, Toyota and CTS Corp have announced that
they have a solution to the problem and will begin testing immediately.
Regardless of this recall, all car makers in the world have recalls. In my
personal opinion, I believe Toyota is a good organization and will rebound with
a quality product and solution that is worthy of the name Toyota. How long that
will take to implement is another question, but rest assured, Toyota will
weather this storm and be back on track in the near future.