Toyota won for the month of March. April is another story with this new $16 million penalty. Will car buyers be affected?
The Govt on a roll with this big investigation on Toyota and that hearing couple months back. Some people might say the Govt is just doing their job to protect the citizens of the United States, but people can't ignore how much money the Govt used to bail out GM and Chrysler last year. Moving forward, it will be interesting to see how the Govt reacts to recalls from domestic automakers. Like this potential recall:
http://detnews.com/article/20100405/AUTO01/4050397/1361/Feds-probe-6.2M-GM-vehicles-over-brakes
Last Updated: April 05. 2010 3:30PM
[h1]Feds probe 6.2M GM vehicles over brakes[/h1][h4]David Shepardson / Detroit News Washington Bureau[/h4]
Washington -- The National Highway Traffic Safety Administration has opened a preliminary investigation into 6.2 million General Motors Co. vehicles for possible corrosion of vehicle brake lines.
NHTSA's investigation -- made public today -- includes 6 million 1999-2003 GM pickups and SUVs and 189,000 2003 2500 heavy-duty pickups. The investigation covers all models built -- not all models remaining on the roads -- so the actual number could be lower than 6.2 million.
NHTSA says it has received 110 complaints, including allegations of three crashes.
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"The complaints allege the loss of braking effectiveness due to brake line rupture because of corrosion," NHTSA investigator Chris Lash said in a government filing. "In 37 of these complaints, the brake line failure was confirmed by a dealer inspection."
The owners allege that the crashes were caused by a corroded brake line.
GM spokesman Alan Adler said the company was working with NHTSA.
"We are aware of it and we are cooperating," Adler said.
NHTSA received a March 2 petition seeking an investigation of 2003 Chevrolet Silverado 2500 HD pickups. The petition said the brake line corrosion "led to a large increase in stopping distance and with the brake pedal pushed to the floor."
The complaint said the incident happened after just six years of service and under normal driving conditions.
Sidebar, surprised Billy Hoyle isn't in the thread now with the $16 million penalty announcement on Toyota. Bankruptcy is next.