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Toyota in trouble?





menino
I heard from someone that Toyota is going to stop production of Camry and maybe a few other models.

Anyone have any info on this?
menino
ok, I found the link to this answer - it still sounds bad though Crying or Very sad :-
Quote:

WASHINGTON – Toyota suspended U.S. sales of some of its most popular vehicles — including the best-selling car in America, the Camry — to fix sticking gas pedals that could make the cars accelerate without warning.

In another blow to the world's No. 1 automaker, Toyota Motor Corp. said Tuesday it would halt some production at six assembly plants beginning the week of Feb. 1 "to assess and coordinate activities."

The company said it would stop selling eight models of cars and trucks, a significant portion of its fleet. The suspension comes after a recall of the same models last week involving 2.3 million vehicles.

Toyota has said it was unaware of any accidents or injuries due to the pedal problems associated with the recall, but could not rule them out for sure.

"This action is necessary until a remedy is finalized," said Bob Carter, Toyota's group vice president and general manager.

The Japanese automaker said the sales suspension includes the following models: the 2009-2010 RAV4, the 2009-2010 Corolla, the 2007-2010 Camry, the 2009-2010 Matrix, the 2005-2010 Avalon, the 2010 Highlander, the 2007-2010 Tundra and the 2008-2010 Sequoia.

Some dealers suggested taking vehicles to dealerships for inspections if people have safety concerns.

Aaron Bragman, an auto analyst for the consulting firm IHS Global Insight in Troy, Mich., said Toyota typically sells about 65,000 Camrys and Corollas a month, and the frozen sales could strike at the company's bottom line and reputation for quality.

"That's huge if they can't sell these and they don't have a fix identified. They need to go and get a solution to this fast," Bragman said.

Toyota sold more than 34,000 Camrys in December, making the midsize sedan America's best-selling car. It commands 3.4 percent of the U.S. market and sales rose 38 percent from a year earlier. Sales of the Corolla and Matrix, a small sedan and a hatchback, totaled 34,220 last month, making up 3.3 percent of the market and sales up nearly 55 percent from December of 2008.

Toyota spokesman Mike Michels said production would be suspended on the affected vehicle lines this week and it was unclear exactly when it would resume. In an e-mail to employees, company officials said, "we don't know yet how long this pause will last but we will make every effort to resume production soon."

Michels said engineers were trying to develop a fix as quickly as possible but he did not have a firm timeline on when the vehicle sales could resume.

Toyota shares were down 2.3 percent in early Tokyo trading at 3,780 yen.

The automaker said the move would affect plants in Princeton, Ind., Lafayette, Ind., Georgetown, Ky., San Antonio, Texas, and Cambridge, Ontario, and Woodstock, Ontario, in Canada.

Toyota spokesman Mike Goss said most workers were expected to be at their jobs during the assembly line shutdown. Workers will receive additional training or work on improvements to their assembly processes, but can also take vacation or unpaid leave, he said.

About 300 workers who build V8 engines at a Toyota plant in Huntsville, Ala., will be affected, said Stephanie Deemer, a spokeswoman for the plant. Goss said the shutdowns will also affect engine plants in Georgetown, Ky., and Buffalo, W.Va.

Toyota said no other North American Toyota facility would be affected by the decision.

Toyota dealers said they were concerned the move would hamper sales and were hopeful parts to fix the problem could be distributed quickly.

"They're going the extra mile to reassure people that they really care about the customers," said Earl Stewart, owner of a Toyota dealership in North Palm Beach, Fla. "It is something that's going to be at least a short-term hardship on the dealers, and especially on Toyota."

The auto company said the sales suspension wouldn't affect Lexus or Scion vehicles. Toyota said the Prius, Tacoma, Sienna, Venza, Solara, Yaris, 4Runner, FJ Cruiser, Land Cruiser and select Camry models, including all Camry hybrids, would remain for sale.

The announcement follows a larger recall months earlier of 4.2 million vehicles because of problems with gas pedals becoming trapped under floor mats, causing sudden acceleration. That problem was the cause of several crashes, including some fatalities.

About 1.7 million vehicles fall under both recalls.

Owners with questions can call the Toyota Customer Experience Center at (800) 331-4331.

http://news.yahoo.com/s/ap/20100127/ap_on_bi_ge/us_toyota_recall;_ylt=Ars5TC.cWFTzQRENWnQ5rpR34T0D;_ylu=X3oDMTJobDhmbmVuBGFzc2V0A2FwLzIwMTAwMTI3L3VzX3RveW90YV9yZWNhbGwEY3BvcwMxBHBvcwMzBHNlYwN5bl90b3Bfc3RvcnkEc2xrA2Z1bGxuYnNwc3Rvcg
deanhills
Perhaps this is limited to the US, as they are thriving in the Middle East. I can't see Camry being discontinued here, it is the preferred car for all the Taxis in Dubai, people really love it, in addition to of course all of the Lexus and Landcruiser 4-wheel drives.
Cliffer
i heard of Toyota recalled about eight million cars in the world this month,is it true? what model? what problem?
deanhills
Looks as though Toyota has recalled the cars because of faulty gas pedals:
Quote:
Toyota said late Tuesday it would halt sales of some of its top-selling models, including Camry and Corolla, to fix gas pedals that could stick and cause unintended acceleration.
Last week, Toyota issued a recall affecting 2.3 million vehicles.
Not sure where the 8-million comes from but people like to exaggerate when they are talking scandal. Smile

No doubt however that this is going to affect the image of the company badly as apparently the problem has been around since 2007 resulting in accidents etc. and the issue has now become one of lack of honesty and reliability in having waited that long to come forward to take responsibility for the problem.
Source
menino
Yes deanhills, in the Middle East, Toyota is still gong strong, but the fact that they have to recall those parts is a drawback.
I'm staying in Kuwait, and there is no news about the recall as yet. I hope the Toyota dealers here are not trying to keep it quiet, as there might be bad sales on that news, and also the logistics involved with replacing those parts would be horrendous, if already in use.
deanhills
menino wrote:
Yes deanhills, in the Middle East, Toyota is still gong strong, but the fact that they have to recall those parts is a drawback.
I'm staying in Kuwait, and there is no news about the recall as yet. I hope the Toyota dealers here are not trying to keep it quiet, as there might be bad sales on that news, and also the logistics involved with replacing those parts would be horrendous, if already in use.
Agreed. There is also no mention of Toyota in the UAE either. Although there has been reports on the news. Can imagine however that it will have to affect sales in the long run.
medesignz
It was breaking news on Friday, but that didnt mention what model... but it seemed at the time they were on a total recall... Something to do with the accelerator pedal... have they named the model now?
standready
At last count, eight Toyota were having problems. Some go back to 2005. First, Toyota blamed the floor mats. Now, they are blaming the accelerator pedal. That pedal assembly varies widely between the models having problems. Quick recall fix - shim behind pedal to limit travel. I still believe (although Toyota denies it) that the problems is in the electronics.
If you ever have your vehicle accelerate uncontrollably, shift the vehicle into neutral then stop vehicle.
pscompanies
They are in a fair bit of trouble, but I doubt it will last. After all, they are the ones that made legendary cars like the Supra.
Cliffer
Toyota is now really in big trouble,but how about other brands of cars?
gmourao
I think Toyota is paying for all the others carmakers. You can see that is going on recalls from almost all the brands, but Toyota is being heavy punished, for hiding security problems.
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