REVscene Automotive Forum - View Single Post - Toyota faces lawsuits over shrinking resale values

ericthehalfbee · 02-11-2010, 06:09 AM

Lame lawsuit.

The ones that are going to get Toyota are the wrongful death lawsuits and insurance companies going after them.

I like how the Toyota press release for the recall said there were no reported injuries or deaths when the government says there have been at least 19 deaths.

There was a fatal crash almost 1.5 years ago involving a Toyota that's part of the pedal recall. ICBC investigators thought there was a throttle related failure that caused the accident, but Toyota denied it. ICBC decided that instead of scrapping the car to seal it and put it into storage. Guess what they're doing now? Going over the car to see if the pedal is the problem, and if it is then they will go after Toyota for damages they paid out for the death involved.

ICBC now has 2 full time investigators going over all Toyota crashes that fit the profile of a stuck throttle. Now why do you think ICBC cares about accidents where they already paid out money? Simple, they want that money back and who do you think they're going to expect to pay that money?

This is going to be a financial disaster for Toyota. Insurance companies all across North America are doing the same thing. And how many people who had an accident and thought it was driver error (so they never put on the claim saying the vehicle throttle stuck) simply got their car fixed thinking they caused it? How many of those people are now looking back at their previous accident? How many people who own Toyotas simply accept them as being 100% reliable and when they crashed assumed it was driver error due to Toyotas excellent reputation? If they were driving a Ford they'd file a report with NHTSA based on reputation alone. What if this happened in an Audi?

Speaking of Ford and Audi, here are some interesting numbers:

- The famous Ford Pinto, which had a gas tank that could explode if you were rear-ended, had a total of 27 fatalities related to the problem.
- The Audi 5000 unintended acceleration problem that almost ended Audi in North America, only had 7 reported deaths.

Look at what these two incidents did for the reputation of Ford and Audi. Now NHTSA is saying 19 deaths from the Toyota issue, and the investigations haven't even finished. How many more will appear?

I think this shows the league Toyota is now in and how serious this will affect their business. This could be the most damaging recall ever to hit a car company.

02-11-2010, 06:09 AM	#6
ericthehalfbee I Will not Admit my Addiction to RS Join Date: Apr 2008 Location: North Vancouver Posts: 584 Thanked 194 Times in 59 Posts Failed 164 Times in 42 Posts	Lame lawsuit. The ones that are going to get Toyota are the wrongful death lawsuits and insurance companies going after them. I like how the Toyota press release for the recall said there were no reported injuries or deaths when the government says there have been at least 19 deaths. There was a fatal crash almost 1.5 years ago involving a Toyota that's part of the pedal recall. ICBC investigators thought there was a throttle related failure that caused the accident, but Toyota denied it. ICBC decided that instead of scrapping the car to seal it and put it into storage. Guess what they're doing now? Going over the car to see if the pedal is the problem, and if it is then they will go after Toyota for damages they paid out for the death involved. ICBC now has 2 full time investigators going over all Toyota crashes that fit the profile of a stuck throttle. Now why do you think ICBC cares about accidents where they already paid out money? Simple, they want that money back and who do you think they're going to expect to pay that money? This is going to be a financial disaster for Toyota. Insurance companies all across North America are doing the same thing. And how many people who had an accident and thought it was driver error (so they never put on the claim saying the vehicle throttle stuck) simply got their car fixed thinking they caused it? How many of those people are now looking back at their previous accident? How many people who own Toyotas simply accept them as being 100% reliable and when they crashed assumed it was driver error due to Toyotas excellent reputation? If they were driving a Ford they'd file a report with NHTSA based on reputation alone. What if this happened in an Audi? Speaking of Ford and Audi, here are some interesting numbers: - The famous Ford Pinto, which had a gas tank that could explode if you were rear-ended, had a total of 27 fatalities related to the problem. - The Audi 5000 unintended acceleration problem that almost ended Audi in North America, only had 7 reported deaths. Look at what these two incidents did for the reputation of Ford and Audi. Now NHTSA is saying 19 deaths from the Toyota issue, and the investigations haven't even finished. How many more will appear? I think this shows the league Toyota is now in and how serious this will affect their business. This could be the most damaging recall ever to hit a car company.