Recent Topics
1971 Citroen SM
by FordBroncoVWJeta
12/04/16 10:14 PM
Fortin and Idatalink remote starts
by leeaspell
12/04/16 10:13 PM
Is any one familiar with calif gun laws?
by Chris142
12/04/16 10:13 PM
student loan relief
by bmwjohn
12/04/16 10:08 PM
Driving less, anything to keep car in good shape?
by NoNameJoe
12/04/16 10:04 PM
OnStar turning on and off by itself....
by gregk24
12/04/16 09:51 PM
Win7 No Longer Recognizes Nexus7
by sleddriver
12/04/16 09:20 PM
why is sears on the way to bankruptcy?
by motor_oil_madman
12/04/16 08:57 PM
Most efficient filter for Impreza
by horse123
12/04/16 08:28 PM
Outer brake pad more worn than inner
by zvm77us
12/04/16 07:49 PM
tire size conversion ??
by oliver88
12/04/16 07:45 PM
Is Sta-Bil OIL STABIZER needed for storage?
by SumpChump
12/04/16 07:36 PM
Newest Members
captearlg, SkipH, DweezilAZ, Kylehorse, Bobby_x
59781 Registered Users
Who's Online
100 registered (4WD, 77GrandPrix, 901Memphis, andyd, 05LGTLtd, 4022772, 7 invisible), 1601 Guests and 14 Spiders online.
Key: Admin, Global Mod, Mod
Forum Stats
59781 Members
66 Forums
257858 Topics
4241853 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: 6307
Loc: Huntington Beach, CA

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


Registered: 05/04/03
Posts: 6453
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: 1653
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: 6485
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 Grand Cherokee 4.0 @ 137k
Castrol Edge 0w40 w/ 1 qt 0w20 - Fram TG16
KIA Sedona 66k, Ford Focus 119k, Chrysler Concorde 120k, Mazda 6 113k

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: 2438
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-sp manual-5w-30 Valvoline Maxlife Full Syn-MC FL-910s filter
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: 1030
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 10K miles
8'Boss SuperDuty Plow
2015 Harley Davidson Ultra Limited 3K miles
2009 Toyota V6 XLE Camry 55K miles

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: 2375
Loc: Between PYB and Red Line
Toyota got their hands caught in the cookie jar by the bear trap at the bottom of it.
_________________________
Surrounded by ferocious, snarling, & spoiled Poodles!





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: 2175
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.
_________________________
12 Chevy Silverado ext. cab LS, 2WD 4.3 auto
15 Chevy Cruze 1LT auto
07 Harley Dyna Street Bob 96 c.i. 6 sp.
10 Mustang GT auto

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: 9903
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.
_________________________
2013 Toyota RAV4 XLE
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: 1721
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: 1986
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: 6928
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: 3240
Loc: MTL, CANADA
The US gov could use the money LOL
_________________________
2007 Corolla Red Pearl 138k miles
Pennz Plat 0w20 & OEM 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: 11092
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.
_________________________
2004 Prius; 65K M1 0W-30
2003 Echo > 4.0x10^5 miles; 0W-40
2006 B2300;111K;ALM


Was driving an ox cart; Now on the USS Enterprise

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: 5690
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.
_________________________
2012 Toyota Camry 63k miles- PP 0w20, oem filter (TGMO all prior)
2005 Toyota Matrix 107k miles- PP 0w20, Fram TG.

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