Word: lexus
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Putting another dent in Toyota's already banged-up reputation, Consumer Reports magazine issued a rare "Don't buy" warning for the company's Lexus GX 460 SUV because of high rollover risk. Toyota responded on April 13 by ordering its dealers to immediately stop selling the model. Plans to launch the SUV in the next few weeks in China were also put on hold. While only about 5,000 of the luxury vehicles had been sold since its November debut, executives decided to err on the side of caution following the revelation that Toyota had withheld information about...
...tougher row to hoe. The company opened a factory in Pune, India, in 2001 and has several operations and joint ventures in China. But the Indian tractor maker Mahindra & Mahindra has also begun selling its wares - less sophisticated but cheaper - in the U.S. "If Deere is making the Lexus or Mercedes of farm equipment, Mahindra is making Hyundai quality," Tiss says...
None of that was any comfort to Rhonda Smith, a retired social worker from Tennessee who, during tearful testimony, recounted a 2006 incident in which her Lexus ES350 accelerated uncontrollably. "Shame on you, Toyota, for being so greedy, and shame on you, NHTSA, for not doing your job," said Smith, referring to the National Highway Traffic Safety Administration, whose apparently lax oversight has made it a target of the inquiry...
...have made the group one of the saga's twin villains. "Shame on you Toyota, for being so greedy, and shame on you, NHTSA, for not doing your job," said Rhonda Smith, a former social worker from Tennessee who, during emotional testimony, recounted a 2006 incident in which her Lexus ES 350 accelerated to more than 100 m.p.h. despite repeated braking. NHTSA "failed all along the way," Joan Claybrook, who formerly led the agency and who is scheduled to speak at Wednesday's hearing, told TIME earlier this month...
...history. But a series of damaging revelations has rekindled whispers that the automaker has valued profits over safety. In a document dated July 6, 2009, and obtained by the House Oversight Committee, Toyota officials claim it saved $100 million in 2007 by negotiating a limited recall of Camry and Lexus models rather than taking more drastic actions. (See the top 10 product recalls...