Go Back   DealershipForum.com > Asian Franchises > Toyota/Lexus > Sales

Notices

Reply
 
Thread Tools Display Modes
Old 12-27-2012, 09:58 AM   #1
XDCX
Administrator
 
Join Date: Nov 2007
Posts: 14,869
Default Toyota attempts to settle Sudden Acceleration Claims for $1.1 Billion

Toyota has agreed to pay $1.1 Billion to settle several class action lawsuits related to "sudden acceleration" claims. The settlement still needs to be approved by a Federal Judge. For more details, here's a link to a report from Reuters - click here

As I understand it, the settlement has several elements which include cash payments to some Toyota/Lexus owners, repairs/modifications made to some Toyota/Lexus vehicles, payments to various State AGs and at least $200 Million to attorneys for their expenses and fees.

Some experts are predicting that the large settlement and huge fees for the attorneys will lead to more of these lawsuits in the future. Time will tell....
XDCX is offline   Reply With Quote
Old 01-02-2013, 08:46 AM   #2
lsx only
Senior Member
 
Join Date: Nov 2008
Posts: 371
Default

And it still amazes me this is not slowing the sales of toyota cars,there cars remind me of my deep freezer at home pratical but boring and plain as heck!!!!!
lsx only is offline   Reply With Quote
Old 03-11-2013, 01:17 PM   #3
TheRealMcCoy
New Member
 
Join Date: Mar 2013
Posts: 2
Default

I've been very pleased to see how customers have been responding when I see them in our service drive for the recalls. They seem amazed that a manufacturer would continue to request that they come in for preventative maintenance even years down the road. XDCX, if you would like to have your mind changed about Toyotas being plain and boring check out the new FR-S. After recently selling my drift/autocross car I've had my mind successfully blown apart by how well that car drives. My job has become much more fun since the FR-S' arrival on our lot.
TheRealMcCoy is offline   Reply With Quote
Old 03-12-2013, 08:42 AM   #4
XDCX
Administrator
 
Join Date: Nov 2007
Posts: 14,869
Default

Quote:
Originally Posted by TheRealMcCoy View Post
I've been very pleased to see how customers have been responding when I see them in our service drive for the recalls. They seem amazed that a manufacturer would continue to request that they come in for preventative maintenance even years down the road.
Thanks for the information.

I agree that Toyota seems to have done a great job handling the whole sudden acceleration issue and I think it's mostly behind them and has not done significant damage to the brand.

Contrast Toyota's outcome to Audi's back in the days when the TV show 60 Minutes slaughtered Audi's image and sales in the U.S.

Quote:
Originally Posted by TheRealMcCoy View Post
XDCX, if you would like to have your mind changed about Toyotas being plain and boring check out the new FR-S. After recently selling my drift/autocross car I've had my mind successfully blown apart by how well that car drives. My job has become much more fun since the FR-S' arrival on our lot.
Great point - I love the new FR-S and I'm starting to see more of them on the streets.

That said, I see the FR-S more as a vindication on the cool types of cars that Subaru can produce - not Toyota/Scion.

To be clear, I think it's great that Scion did a deal with Subaru to get the FR-S and I think it's great to rejuvenate the Scion brand. But when it comes time to credit an OEM for developing a great car, I tip my hat to Subaru.

In the real world, maybe it doesn't matter. Do the Scion customers know the FR-S is built by Subaru - do they even seem to care?
XDCX is offline   Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Massachusetts Dealer agrees to pay $450K to settle overtime and minimum wage charges XDCX Automotive Discussions 0 09-13-2011 04:39 PM
Daimler to Settle With US on Bribes The StraightShooter Automotive Discussions 2 03-24-2010 11:48 AM
Toyota requests $2 Billion loan from Japanese Government XDCX Sales 2 03-05-2009 05:10 PM
Cerberus claims they were misled by Daimler XDCX Sales 3 11-27-2008 12:32 AM
Dealers pay $290K to settle with MA Attorney General XDCX Automotive Discussions 0 01-03-2008 10:48 PM


All times are GMT -7. The time now is 01:35 AM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Copyright DealershipForum.com - 2008 - 2016