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Four past winners and four IZOD IndyCar Series champions, are among the drivers named to the 40 entries filed for the 2010 Indianapolis 500. The race is scheduled for Sunday, May 30th, at the Indianapolis Motor Speedway. Thirty-four drivers have been named to the 40 entries filed this year for the 33 starting spots in the world’s most prestigious auto race. (more…)
Last Sunday in Atlanta, Brad Keselowski was involved in a horrific accident on the track. During the Sprint Cup race, competitor Carl Edwards nudged Keselowski ‘s car, which resulted in an airborne crash. NASCAR placed Edwards on probation for three races because of the incident. Luckily, Keselowski was not injured the crash. (more…)
Why are “recalls” spreading between car manufacturers like a virus? No one knows, but today Nissan joined the group by announcing a recall of over 500,000 vehicles. Most of the vehicles affected are in the United States, only some in Asia, Latin America, and Middle East, but none in the U.K. will be recalled. Nissan’s move came soon after General Motors announced their “faulty steering” recall yesterday. (more…)
Toyota sales have undoubtedly dropped since the barrage of recalls began. Not only is Toyota recalling vehicles, Honda was doing so as well. Regardless, the main thing Toyota Motor Sales must concentrate on, is regaining consumer trust and increasing sales. (more…)
The following is a copy of James Lentz’s Testimony to the House Committee on Energy and Commerce.
Prepared Testimony of James Lentz, President and Chief Operating Officer, Toyota Motor Sales, U.S.A., Inc., to Committee on Energy and Commerce
February 23, 2010
Chairman Waxman, Subcommittee Chairman Stupak, Ranking Members Barton and Walden, members of the Committee, thank you for inviting me here today. My name is Jim Lentz, and I am the President and Chief Operating Officer of Toyota Motor Sales, USA.
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TMS (Toyota Motor Sales), U.S.A., Inc. announced today that it will install something called a brake override feature on an expanded range of vehicles. This braking enhancement is supposed to automatically reduce engine power when the brake and accelerator pedals are applied simultaneously. Toyota hopes this will provide an additional measure of confidence. (more…)
Toyota Motor Sales, U.S.A., Inc. is voluntarily recalling 8,000 Tacoma vehicles. The recall only covers trucks from model year 2010. The company is looking to inspect the front drive shaft on a small group of these vehicles. No other Toyota or Lexus vehicles are involved. (more…)
Toyota isn’t the only one taking up all the spotlight in the car industry these days. Honda has had an ongoing issue with the deployment of certain airbags since 2000. The driver’s airbag inflators in these vehicles may deploy with too much pressure, which can cause the inflator casing to rupture and could result in injury or fatality. Honda has expanded a previously announced recall to include an additional 378,758 vehicles in the U.S. (more…)
Toyota Motor Corp. has been battling bad press for the last month. Ever since they announced the first recall of defective floor mats, things have been down hill. How can they ever regain the lost consumer confidence? It was their cushion against impending competitors and slow economies. Akio Toyoda, current President and CEO of Toyota Motor Corporation wrote an (more…)
In Washington D.C. today, Transportation Secretary Ray LaHood was asked what he would tell Toyota owners. His reply was “My advice is, if anybody owns one of these vehicles, stop driving it, take it to a Toyota dealer because they believe they have the fix for it.” This small comment sent the price of Toyota Motor Corp. (TM) plummeting to about $72 a share. After realizing what he said, he issued an apology for his so-called “clear misstatement.” (more…)
Almost everyone in the U.S. has heard about the Toyota recall. If you haven’t heard or if you are looking to see if you can learn more, keep reading. Technically the car maker has two recalls going at the same time. One is called “Floor Mat Entrapment” and the other is called “Pedal.” Although the issues are not reported to be rare and not sudden, the company found it prudent to stop certain manufacturing plants and halt sales of affected vehicles. Let’s review each issue. (more…)
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