Tuesday, December 28, 2010

Toyota Ordered To Pay $32,000,000

As part of a series of continuous updates regarding Toyota's reputation in the auto industry, I found it necessary to point out their most recent indiscretion.

Relating to two U.S. safety probes over Toyota's handling of numerous vehicle recalls, Toyota agreed to pay the maximum fine of 32 million dollars which in my opinion appropriately represents the nearly 11 million vehicles that needed to be recently recalled.
A useful feature on Toyotas, in case the accelerator sticks
I could re-post all of the recalls for which Toyota was accountable, but I've already picked fun at them enough I think.

Keep in mind, this is not a cumulative fine for all of Toyota's safety violations - it is just for the safety probes. I was unable to find an accurate "all-in" figure for the fines Toyota has had to pay this year, or I would have posted that too.

I believe the probe fines are sufficient, and the fact that they cooperated in paying the maximum fine demonstrates one of two things - either they just want to win back their public image, or they had lots of pressure from weeping investors. Or perhaps both? What do you guys think?
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23 comments:

  1. CopyboyDecember 28, 2010 at 8:17 PM

    Sure the fine is a drop in the bucket for them, but the negative press is what really hurts.

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  2. Major MackDecember 28, 2010 at 8:21 PM

    Good. thats what you get for conducting HO Business

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  3. JeffDecember 28, 2010 at 8:22 PM

    they fell victim to cost-cutting and trying to maximize profits. They have a long road to regaining their reputation for quality.

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  4. Suciô SanchezDecember 28, 2010 at 10:08 PM

    Some of those recalls were bogus.

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  5. noogDecember 28, 2010 at 10:12 PM

    ouch... but 32 mil isn't going to hit them too hard

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  6. Mr BouchardDecember 28, 2010 at 11:03 PM

    Even that ammount of money isn't near the price of all the life that were at risk with their cars. The picture was also quite funny.

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  7. SamDecember 28, 2010 at 11:40 PM

    It's great that payed the fine and i think getting their image back will be very easy

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  8. SamDecember 28, 2010 at 11:41 PM

    PS: get that insurance for your apartment stop being cheap, safety first wright?

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  9. 000December 28, 2010 at 11:55 PM

    bad news for toyota. Let the chinese companies prey on them

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  10. tomi991December 29, 2010 at 12:24 AM

    it doesnt look good for toyota.. heh

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  11. SpringyBDecember 29, 2010 at 1:03 AM

    Or maybe they geniunely care about the safey of their drivers.

    LOLOLOLOLOLOL

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  12. The Latest Movie TrailersDecember 29, 2010 at 2:35 AM

    poor toyota

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  13. Fire PursuitDecember 29, 2010 at 4:48 AM

    sucks for them, but they have a lot of money, they'll get over it! As for the image part, they will just launch another environmental-freindly car and they will have it back in no time.

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  14. Classically Trained NubDecember 29, 2010 at 6:06 AM

    I thought I was the only one that used a boating anchor to stop! I also use a grappling gun to make turns.

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  15. kkazzammDecember 29, 2010 at 7:28 AM

    2 words or 3 since ones hyphenated ...
    Tax Write-off
    32 mill is to Toyota like 32 pennies are to the average wal-mart worker.
    But like I have said before its all cyclical. This past 2 years it was Toyota in a few more years it will be nissan. then honda etc etc.

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  16. Justsayin'December 29, 2010 at 10:28 AM

    AHHHH... Toyota moving you forward.... Even if you don't want too.

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  17. cooperlifeDecember 29, 2010 at 11:16 AM

    most likely they had whiney investors.

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  18. Mister SharafDecember 29, 2010 at 11:24 AM

    nice pic :D

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  19. AnonfourtwentyDecember 29, 2010 at 12:27 PM

    They deserve to pay it!

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  20. CandleintheDarkDecember 29, 2010 at 1:04 PM

    About time.

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  21. MRanthropeDecember 29, 2010 at 1:07 PM

    I hope my GF gets, at least like 25% of that settlement. haha

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  22. Monster MadnessDecember 29, 2010 at 2:50 PM

    That's hardly anything.

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  23. ericsDecember 29, 2010 at 6:24 PM

    that amount of money to a company such as toyota is just a drop in the ocean.

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