Toyota,Not,The,First,Automaker law Toyota Not The First Automaker on Treacherous Terrain
Bankruptcy is a situation, wherein an individual is termed as unable to discharge all the debts. When a person or a company is not able to pay off its creditors, it has an obligation to file a bankruptcy suit. In fact, a bankruptcy suit is a When you work with an attorney, you will have no problem reducing the risks associated with getting your case in front of a judge and jury, or other formal court, when you need to. However, every case is different. It is important to work wi
Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 /* Style Definitions */ table.MsoNormalTable{mso-style-name:"Table Normal";mso-tstyle-rowband-size:0;mso-tstyle-colband-size:0;mso-style-noshow:yes;mso-style-priority:99;mso-style-qformat:yes;mso-style-parent:"";mso-padding-alt:0in 5.4pt 0in 5.4pt;mso-para-margin:0in;mso-para-margin-bottom:.0001pt;mso-pagination:widow-orphan;font-size:10.0pt;font-family:"Calibri","sans-serif";}A downward spiral that started withmere rumblings of Toyota incidents in 2004 has gained tremendous momentum andbecome one of the most discussed news stories of 2010.New allegations against the companycould further damage Toyotas standing and alter the mindsets of Toyotasupporters. These allegations are not focused on the manufacturing problems ofthe automobiles, but instead concern the questionable conscience Toyota mayhave used in handling the issue.When Toyota publicly identifiedfloor mats and sticky pedals as the cause of reported uncontrolledacceleration, some argue they did so out of convenience and dishonesty.While studies show that floor matsdid affect certain dangers in a small number of Toyota cases, the so-calledfix-it of recalled floor mats was insufficient. According to sources, problemscontinued because floor mats werent the root of the problemand Toyota knewthat.To save money, Toyota fingered floormats as the culprit early on, thereby avoiding the need to investigate andaddress a bigger, electrical issue. The alleged lie benefited Toyotas bottomline by saving them $100 million and provided a false security for Toyotaowners and consumers.If these allegations are true,though, Toyota would not be the first car manufacturer to prioritize profitover public safety when faced with problems. For example, in the 1970s Fordavoided government recommended changes to their Pinto, noting that the $11 itwould take to change each vehicle was more expensive than settling the lawsuitsbrought against the company.In 1973, General Motors alsonotoriously weighed the value of life against the value of the dollar in theirIvey Memo. The memo specifically assigned each G.M.-related fatality a value of$200,000, raising eyebrows and lowering the publics confidence in the autoindustry.Investigations are still afoot toidentify the propriety in Toyotas management of their situation. Ultimately,whether Toyotas name continues to be used among the bad company of the Pintoand the Ivey Memo depends on further investigation and Toyotas future actionsto protect their consumers.If you have been injured in a car accident and need legal help, contact a personalinjury attorney near you. A lawyer will explain your legal optionsand guide you through the legal process so you can hopefully recover what youdeserve.
Toyota,Not,The,First,Automaker