Recent Topics
Cold Weather Oil Storage Recommendations
by SwedishRider
22 minutes 52 seconds ago
Advancing odometer mileage rapidly
by JHZR2
24 minutes 48 seconds ago
'01 Zetec: What would you use, just for fun
by fdcg27
32 minutes 42 seconds ago
Need some expertise!
by FSully1
34 minutes 36 seconds ago
Wow at all the information here
by krunk
59 minutes 21 seconds ago
Any harm in using higher octane?
by gregk24
Today at 04:12 PM
Help Setting Garage Door Remote
by coopns
Today at 03:44 PM
best stop leak additive
by dee242
Today at 03:26 PM
2010 ford focus and Mobil 1 atf
by jay929
Today at 03:25 PM
Bad fuel?
by wemay
Today at 03:16 PM
Mobil1 prices go up..
by lawman1909
Today at 03:13 PM
need help with grinding noise (pictures)
by friendly_jacek
Today at 02:48 PM
Newest Members
dee242, OilNovice, krunk, FSully1, Jtyler
51973 Registered Users
Who's Online
103 registered (AandPDan, aa1986, Analyzer, 01rangerxl, afree, 2004tdigls, 8 invisible), 1649 Guests and 170 Spiders online.
Key: Admin, Global Mod, Mod
Forum Stats
51973 Members
64 Forums
222489 Topics
3521346 Posts

Max Online: 2862 @ 07/07/14 03:10 PM
Donate to BITOG

Page 1 of 6 1 2 3 4 5 6 >
Topic Options
#3317104 - 03/19/14 02:54 PM Toyota pays $1.2-billion federal fine
tenderloin Offline


Registered: 12/16/02
Posts: 6069
Loc: Huntington Beach, CA

Top
#3317136 - 03/19/14 03:44 PM Re: Toyota pays $1.2-billion federal fine [Re: tenderloin]
friendly_jacek Online   content


Registered: 05/04/03
Posts: 5493
Loc: southeast US
Nice.
Now, how much GM should pay then.

Top
#3317170 - 03/19/14 04:09 PM Re: Toyota pays $1.2-billion federal fine [Re: tenderloin]
wallyuwl Offline


Registered: 06/02/09
Posts: 1468
Loc: Lexington, KY
That's a lot of money. I don't trust Toyota, and haven't even looked at their options for our soon-to-be-purchased new vehicle.

Top
#3317173 - 03/19/14 04:12 PM Re: Toyota pays $1.2-billion federal fine [Re: tenderloin]
KCJeep Offline


Registered: 06/30/11
Posts: 4685
Loc: Mahzurrah!
Not some media spin but according to the FBI:

“Toyota put sales over safety and profit over principle,” said George Venizelos, assistant director of the FBI. “The disregard Toyota had for the safety of the public was outrageous. Not only did Toyota fail to recall cars with problem parts, they continued to manufacture new cars with the same parts they knew were deadly.”

And:

“Rather than promptly disclosing and correcting safety issues about which they were aware, Toyota made misleading public statements to consumers and gave inaccurate facts to members of Congress,”

Why some otherwise red blooded Americans think Toyota walks on water is beyond me. You won't find many saints in the car building business, or oil business for that matter, but the Toyota/Honda Kool aid drinkers I run into make no sense at all to me.
_________________________
2004 Jeep GC WJ 4.0 @ 123k Pennzoil YB 5w30 - MoS2
Napa Silver 31515
KIA Sedona 40k, Chevy Lumina 174k, Chrysler Sebring 172k, Chrysler Concorde 97k

Top
#3317176 - 03/19/14 04:15 PM Re: Toyota pays $1.2-billion federal fine [Re: friendly_jacek]
Hermann Offline


Registered: 08/10/05
Posts: 2358
Loc: Kansas City
Originally Posted By: friendly_jacek
Nice.
Now, how much GM should pay then.


Looks like GM is on the hook for $30-$60 billion, if they have to pay the same amount per death. Looks like bailout time again.
_________________________
2008 Tacoma SR-5 Access Cab I-4 5-speed manual - 5w-30 Quaker State GB - Purolator PL10241 YCOD
1991 BMW R100GS 20w-50 Maxlife & Mahle OX36D filter

Top
#3317179 - 03/19/14 04:18 PM Re: Toyota pays $1.2-billion federal fine [Re: Hermann]
RISUPERCREWMAN Offline


Registered: 07/29/08
Posts: 697
Loc: RHODE ISLAND
Originally Posted By: Hermann
Originally Posted By: friendly_jacek
Nice.
Now, how much GM should pay then.


Looks like GM is on the hook for $30-$60 billion, if they have to pay the same amount per death. Looks like bailout time again.


Yup GM has surely got some serious issues comming up!
_________________________
2014 Ram 2500 HD 5.7 Hemi 4x4 300 miles
2012 Harley Davidson FLHX Vivid Black 13k
2011 Ford Crown Victoria 63K miles Stainless works duals

Top
#3317180 - 03/19/14 04:19 PM Re: Toyota pays $1.2-billion federal fine [Re: tenderloin]
Cristobal Offline


Registered: 01/02/11
Posts: 2029
Loc: Montebello, CA
Toyota got their hands caught in the cookie jar by the bear trap at the bottom of it.
_________________________
1996 Toyota Avalon - "The Beast"

The Poodle Empire will conquer the Galaxy. All Cats must die!

Top
#3317185 - 03/19/14 04:25 PM Re: Toyota pays $1.2-billion federal fine [Re: Hermann]
Silverado12 Offline


Registered: 02/26/13
Posts: 821
Loc: Central Virginia
Originally Posted By: Hermann
Originally Posted By: friendly_jacek
Nice.
Now, how much GM should pay then.


Looks like GM is on the hook for $30-$60 billion, if they have to pay the same amount per death. Looks like bailout time again.


Apparently GM didn't lie about the problems like Toyota, but who knows.
_________________________
2012 Chevy Silverado ext. cab LS, 2WD 4.3 auto
2010 Dodge Challenger SE 3.5 V-6
2007 Harley Dyna Street Bob 96 c.i. 6 speed

Top
#3317186 - 03/19/14 04:25 PM Re: Toyota pays $1.2-billion federal fine [Re: tenderloin]
sciphi Offline


Registered: 03/24/07
Posts: 8583
Loc: Upstate NY
And somebody takes yet another bash at GM. Start your own thread, don't pollute this one!

Good on the feds for making Toyota pay. Let the other makers doing similar/identical behavior be treated the same way.
_________________________
2009 Honda Fit Sport
2012 Chevrolet Cruze Eco

Top
#3317189 - 03/19/14 04:28 PM Re: Toyota pays $1.2-billion federal fine [Re: tenderloin]
morepwr Offline


Registered: 01/17/12
Posts: 1325
Loc: ventura, ca
Where does the money they pay in fines go? Not that I really care either way but just curious.

Top
#3317202 - 03/19/14 04:45 PM Re: Toyota pays $1.2-billion federal fine [Re: tenderloin]
gman2304 Offline


Registered: 08/11/11
Posts: 776
Loc: n.c.
I'll take some...my wifes 06 Avalon has had no less than 4 recalls since we have owned it. I'm not holding my breath though!

Top
#3317237 - 03/19/14 05:34 PM Re: Toyota pays $1.2-billion federal fine [Re: tenderloin]
dishdude Offline


Registered: 11/14/08
Posts: 3352
Loc: Phoenix
When you produce as many vehicles as GM and Toyota, some mistakes and design flaws are bound to happen. The bashing isn't necessary.

Top
#3317240 - 03/19/14 05:39 PM Re: Toyota pays $1.2-billion federal fine [Re: tenderloin]
Rolla07 Offline


Registered: 11/05/11
Posts: 1851
Loc: MTL, CANADA
The US gov could use the money LOL
_________________________
2007 Corolla Red Pearl 125k miles
M1 EP 0w20 & TRD filter


Top
#3317251 - 03/19/14 05:53 PM Re: Toyota pays $1.2-billion federal fine [Re: dishdude]
simple_gifts Offline


Registered: 07/26/04
Posts: 9113
Loc: Middlesex County CT
Originally Posted By: dishdude
When you produce as many vehicles as GM and Toyota, some mistakes and design flaws are bound to happen. The bashing isn't necessary.


The fine isn't about producing design mistakes and flaws.

If you notice it was a criminal investigation.
_________________________
2003 Echo >350K miles;Supergard 5W-[23]0;
2006 B2300;90K;ALM

Top
#3317252 - 03/19/14 05:54 PM Re: Toyota pays $1.2-billion federal fine [Re: friendly_jacek]
satinsilver Offline


Registered: 01/24/08
Posts: 2915
Loc: Ohio
Originally Posted By: friendly_jacek
Nice.
Now, how much GM should pay then.


Interesting point since it's in the title of this article:

http://www.reuters.com/article/2014/03/19/us-toyota-settlement-idUSBREA2I0VB20140319

Last quarter Toyota made 4.99 Billion dollars in net income. So in 3 weeks they should be able to pay the fine if they stay on par with last quarter. Currently their reporting 35 billion in cash as well.

Top
Page 1 of 6 1 2 3 4 5 6 >