Toyota shares drift lower as death toll mounts
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From: john on 26 May 2010 20:00 The death toll stemming from Toyota Motor Corp.'s sudden acceleration problems is on the rise, according to data from the National Highway Traffic Safety Administration released Tuesday. NHTSA said it has received almost 6,200 complaints from Toyota drivers in the past decade over the acceleration problems that may have led to as many as 89 deaths and 57 injuries. The federal agency previously reported that 52 fatalities may have been tied to the defects. The troubling figures have smudged the auto maker's stellar reputation and have had a direct impact on its monthly sales tally. A NHTSA spokesperson explained that the customer generated complaints alleging unintended acceleration have not been verified by NHTSA http://www.marketwatch.com/story/toyota-shares-drift-lower-as-death-toll-mounts-2010-05-26?siteid=yhoof
From: Greg Vand on 26 May 2010 21:52 On Wed, 26 May 2010 17:00:09 -0700 (PDT), john <johngdole(a)hotmail.com> wrote: >NHTSA said it has received almost 6,200 complaints from Toyota drivers >in the past decade over the acceleration problems that may have led to >as many as 89 deaths and 57 injuries. That means every time someone got maimed or killed, 42 people came out of the woodwork to complain. Sounds like a lot of whiney bitches to me.
From: chuckcar on 26 May 2010 22:03 Greg Vand <g1220(a)actuaremoved.com> wrote in news:pujrv5dtugbm29hf1ei812rv7oto6rseo3(a)4ax.com: > On Wed, 26 May 2010 17:00:09 -0700 (PDT), john <johngdole(a)hotmail.com> > wrote: > >>NHTSA said it has received almost 6,200 complaints from Toyota drivers >>in the past decade over the acceleration problems that may have led to >>as many as 89 deaths and 57 injuries. > > That means every time someone got maimed or killed, 42 people came out > of the woodwork to complain. Sounds like a lot of whiney bitches to > me. > Happens with all such things. They even get hot lines now. Surely you've seen the ambulance chaser commercials on US network TV? -- (setq (chuck nil) car(chuck) )
From: Tegger on 26 May 2010 22:04 Greg Vand <g1220(a)actuaremoved.com> wrote in news:pujrv5dtugbm29hf1ei812rv7oto6rseo3(a)4ax.com: > On Wed, 26 May 2010 17:00:09 -0700 (PDT), john <johngdole(a)hotmail.com> > wrote: > >>NHTSA said it has received almost 6,200 complaints from Toyota drivers >>in the past decade over the acceleration problems that may have led to >>as many as 89 deaths and 57 injuries. > > That means every time someone got maimed or killed, 42 people came out > of the woodwork to complain. It might be more accurate to say that everytime somebody /didn't/ get maimed or killed, 42 people came out of the woodwork to take advantage of cheap tort and an eagerly-vindictive government. -- Tegger
From: Mike Hunter on 27 May 2010 10:08
Anything that leads to billions of dollars of liability claims in class action liability has always adversely effected any stock. A good example was the class action liability that bankrupted the asbestos industry, even though there was never any direct proof that asbestos led to any secondary cancer cases. "john" <johngdole(a)hotmail.com> wrote in message news:a3b70f73-cf68-4893-8299-5580038487dd(a)h37g2000pra.googlegroups.com... > The death toll stemming from Toyota Motor Corp.'s sudden acceleration > problems is on the rise, according to data from the National Highway > Traffic Safety Administration released Tuesday. > > NHTSA said it has received almost 6,200 complaints from Toyota drivers > in the past decade over the acceleration problems that may have led to > as many as 89 deaths and 57 injuries. > > The federal agency previously reported that 52 fatalities may have > been tied to the defects. The troubling figures have smudged the auto > maker's stellar reputation and have had a direct impact on its monthly > sales tally. > > A NHTSA spokesperson explained that the customer generated complaints > alleging unintended acceleration have not been verified by NHTSA > > http://www.marketwatch.com/story/toyota-shares-drift-lower-as-death-toll-mounts-2010-05-26?siteid=yhoof |