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Prius brakes. Toyota knew, didn't tell you.

by Peter Valdes-Dapena, senior writer
February 04, 2010: 04:48 PM EST

Toyota has known about brake problems in its popular Prius cars for some time, going so far as to fix it in new production vehicles, but has kept Prius drivers in the dark about the problem until the Japanese government called for an investigation.

That's little consolation to those driving Priuses made before then which seem to be the source of mounting complaints about brake performance and have been linked to four crashes...

More:
http://sprint.cnnmoney.mlogic.mobi/money/latest_news/latest_...

EDIT:
It seems there is much, much more to this story:

In an internal Toyota document used as part of a company presentation on its government relations, dated July 6, 2009, the phrase "Negotiated equipment' recall on Camry/ES re: [sudden acceleration], saved $100
million+ with no defect found" is among a bullet-pointed list of "WINS."

The reference was apparently to a September 2007 recall to secure floor mats that could trap the cars' gas pedals.

http://sprint.cnnmoney.mlogic.mobi/money/latest_news/latest_...

And this:
'Toyota defense' could reverse criminal conviction

A man serving eight years for vehicular homicide because of a fatal crash involving his Toyota Camry is hoping for exoneration amid concerns over unintended acceleration in some of Toyota's vehicles.

Koua Fong Lee has always maintained his innocence in the 2006 crash. Then 29 years old, he was driving home from Sunday services with his pregnant wife, father, daughter, brother and niece in his 1996 Toyota Camry...

Relatives of the victims, who asked the judge to give him the maximum sentence, NOW support him, said Bob Hilliard, a Texas lawyer who is preparing a lawsuit against Toyota on the family's behalf.

The 1996 Camry is not a part of Toyota's recall.

http://sprint.cnn.mlogic.mobi/cnn/ne/us/detail/462782/full



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Just economic warfare

now that the government owns GM. Now every moron under the sun who crashed into anything is saying their accelerator malfunctioned.

"Endless money forms the sinews of war." - Cicero, www.freedomshift.blogspot.com

Dang!

I can't stand morons!

. @ @ . Power to the People!
@ O @ -----> PEOPLE
. @ @ . NOT Corporate Entities!

Toyota quality problems resolved!!

Japan has just reversed a slowdown in Treasury security purchases and has overtaken China as the #1 holder. Toyota's quality problems have been fixed!

http://online.wsj.com/article/BT-CO-20100217-703630.html?mod...

:)

.
~wobbles but doesn't fall down~

Ok, so

China overtook Japan in 2006 to become the world's largest holder of FER and now, as of December 2009, Japan became the largest holder of U.S. bonds as China began reducing purchase of those bonds. Is that it?

. @ @ . Power to the People!
@ O @ -----> PEOPLE
. @ @ . NOT Corporate Entities!

Payed off the Godfather?

Just guessing the intent

Free includes debt-free!

The FED and Treasury...

need countries to keep buying debt from us (treasury paper) to keep the ponzi scheme afloat.

.
~wobbles but doesn't fall down~

Thanks for playing, but that's not very helpful

since I'm not a WSJ subscriber!

. @ @ . Power to the People!
@ O @ -----> PEOPLE
. @ @ . NOT Corporate Entities!

Hmm..

It works if you google the article but not via direct link apparently. Im not a subscriber either.

.
~wobbles but doesn't fall down~

GM recalls

1.3 million cars...
http://news.bbc.co.uk/2/hi/business/8544989.stm

~peace

.

Dbl. post

. @ @ . Power to the People!
@ O @ -----> PEOPLE
. @ @ . NOT Corporate Entities!

Toyoda has been a bad, bad Toyota.

Thanks for the update...
From the article:
GM hopes its investment of an additional 1.3bn euros in its European Opel/Vauxhall subsidiary will convince European governments to back its remaining funding requirements by guaranteeing loans.
But as GM recalls some 1.3 million models in the US, it seems reluctant to take responsibility for the faulty power steering, as
*the part in question was produced by a Toyota-owned subsidiary.*
GM's willingness to pass the buck could further damage Toyota's image - or it could backfire as the affair turns into a mighty row that could involve the US and Japanese governments as well as their largest automotive groups.

. @ @ . Power to the People!
@ O @ -----> PEOPLE
. @ @ . NOT Corporate Entities!

Hey, you can't see it from MY house!

Right?

. @ @ . Power to the People!
@ O @ -----> PEOPLE
. @ @ . NOT Corporate Entities!

Just another example

of Capitalism at its finest.

. @ @ . Power to the People!
@ O @ -----> PEOPLE
. @ @ . NOT Corporate Entities!

How about a UL type of safety program?

People relied on the government SEC to protect from Madoff's fraud.

People relied on the government http://www.nhtsa.dot.gov/ to make safe cars.

Government fails.

Consumers and groups of consumers can vote with their wallets. Check out the UL program - it's not government.

There could be a UL-type program to test cars. But since the government has taken over car safety through a government agency, people just leave it to the government. Leave it to the government to fail.

http://www.ul.com/global/eng/pages/
"UL is the trusted resource across the globe for product safety certification and compliance solutions."

Yes it is. The stock price and reputation

suffers because of what they did, to the benefit of their competitors. That's how capitalism is supposed to work.

Support Rand Paul by donating at http://www.randpaul2010.com/ and certified non-Truthers Peter Schiff at http://schiffforsenate.com/ and John Dennis at http://www.johndennis2010.com/

Sounds good

in theory - kind of like Aesop's story of the greedy puppy - with the moral being, "Greedy, greedy makes a hungry puppy." The only difference is that now the puppy has grown to be a Big Dog. The bigger they are, the harder they fall.

. @ @ . Power to the People!
@ O @ -----> PEOPLE
. @ @ . NOT Corporate Entities!

That's not capitalism that causes such problems.

The problem isn't capitalism. The problem is that a straw man, the corporate charters under which Toyota operates, allows the individuals making the decisions which mean life or death for others to do so with impunity and immunity from being held accountable.

Without the government to grant a corporate charter, effectively insulating those individuals responsible from the consequences of their actions, things of this nature would be far less likely to happen.

That's not true.

A person in a company can be held criminally negligent for things they do and be put in prison if found guilty. "Corporate charter" certainly doesn't protect them.

Support Rand Paul by donating at http://www.randpaul2010.com/ and certified non-Truthers Peter Schiff at http://schiffforsenate.com/ and John Dennis at http://www.johndennis2010.com/

Oh really? At what expense?

And just hom much money do you suppose it would it cost to attempt to do so? And how many courts would accept such cases? How many DA's would actually prosecute? How many have?

You do understand that one of the principal reasons for incorporating a business is to insulate those who own it from potential liability, right?

Profit from malfeasance without risk is morally hazardous.

Changing the role of government from business associate to referee will be a difficult task.

Free includes debt-free!

True...

Difficult, but not impossible.

. @ @ . Power to the People!
@ O @ -----> PEOPLE
. @ @ . NOT Corporate Entities!