Litigation

Toyota...Profits Over People

By Angel Reyes

Unless you're living in a cave, you've been hearing and reading about Toyota's problems with the Camry, Prius, and Lexus.  Should you care?  Yes!  Toyota, in a presentation to its staff, reported it saved over $100 million by delaying safety regulations, avoiding defect investigations and otherwise slowing down industry requirements on its vehicles.

Hmm.  Anyone remember the Ford Pinto?  I do.  Ford sure does; that's why they make cars that comply with industry standards.

Toyota used its vast resources to lobby over the past decade in an effort to put off regulators.  They could have spent that money making safer cars, but decided that was less important and potentially costlier!  It worked.  Toyota now must face the music and fix millions of cars it sold in America.  Otherwise, more Americans will lose their lives to corporate greed and malfeasance.

Full post as published by Angel Reyes Blog on February 22, 2010 (boomark / email).