Monday, September 24th 2018

Toyota (NYSE:TM): Victim of Pro-Union Obama Administration?


Sunday, February 21st, 2010

Toyota (NYSE:TM) documents have been released that question the Obama administration and the Democratic Congress for not being "industry friendly" and as activist.

This has been a growing concern for many people who feel the outrageous bailouts of certain auto manufacturers in America generated the attack on Toyota, who has for years outperformed the union-produced cars of General Motors, Ford and Chrysler.

What a great opportunity has fell into the laps of the government hounds who are now dogging Toyota in an effort to undermine the higher quality vehicles they make than their union counterparts, who are so overpaid that the cars they produce are thousands of dollars more for inferior products.

It's a joke that Toyota executives are being paraded to Capital Hill to testify about the alleged problems with their cars, when the thuggish union manufacturers have been producing junk cars at inflated prices for years.

They're the ones which should be called to Congress to testify on why they should have been allowed to have been bailed out, when in fact they should have been allowed to fail so we could get the much higher quality cars offered by good companies like Toyota.

Historically, Toyota has had a great record for quality vehicles, and the so-called rapid acceleration problem is what the alleged hoopla is all centered around.

So far about 8 million automobiles have been recalled around the world, as the problem has rapidly turned from one of taking care of a relatively benign problem to a bunch of political opportunities where politicians are lining up to make it look like it's Toyota that has put out the inferior automobiles over the years, rather than their Detroit competitors.

Toyota said of the NHTSA, that they are "less understanding of engineering issues and are primarily focused on legal issues.”

That's a nice way of saying they don't know what they're talking about and has went political rather than honest efforts to correct a relatively minor issue.

Watch to see next time General Motors, Ford or Chrysler release one of their low quality cars and see what happens when another one of their recalls are initiated. At that time we'll know that this is a kangaroo court run by a bunch of politicians looking to gain political capital as usual.



Article by Gary B

The views expressed are the subjective opinion of the article's author and not of FinancialAdvisory.com



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Tags: chrysler, ford, general motors, obama, rapid acceleraton, toyota

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Comments:

@Jim (February 23, 2010 10:06 AM)
Jim its an Op-ed
Scott Thomas (February 22, 2010 3:12 PM)
Toyota & Honda dropped the ball on handling the recalls , they should have came forward with a full disclosure. Instead of waiting for a huge media blitz and tons of public pressure. But Toyota & Honda are not alone , I never seen so many car companies having recalls all at the same time. I had no idea my car which is not even a Toyota or Honda, was affected until I searched on http://www.carpedalrecall.com and found I had a bad Anti Lock control unit on my 2008 Pontiac G8 , So be careful check daily, it seems more and more cars are being recalled .
jason (February 22, 2010 12:28 PM)
I agree. The big three has been producing junk for decades and has never been pulled before congress except for handful of times. At least Toyota recall the vehicles now instead six to eight years from now after the current vehicle models are out of production unlike the big three. I agree with the author, congress has taken a small problem and made it into like it's a big deal.
jim (February 22, 2010 8:10 AM)
You don't suppose the author here is a little bit biased!!!! ;-)
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