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The massive world-wide recalls issued by Toyota were no doubt costly. Assigning a final figure however, may be a daunting task. The figure released by Toyota on Feb. 4 puts the total cost of the situation at about 180 billion yen, or about $2 billion. 100 billion of those yen were for repairs, and the other 80 represents sales lost due to either the halt in sales or because of dwindled consumer confidence.Deutsche Securities estimates a 290 billion yen, or $3.2 billion hit to earning in FY 2010, though it is impossible to quantify a number like that with any degree of accuracy.<\/p>\n
Toyota also seems to have left their stingy ways behind and has recently announced new deals to bring consumers back into American showrooms. In addition to zero-percent financing, they are offering two years of free maintenance to existing customers who return. 89 class-action suits have been filed against Toyota, which could add $3 billion or more to the company’s expenses.<\/p>\n
Toyota’s U.S. market share is expected to fall to about 13 percent. Overall, it is expected that the result will be 144,900 fewer cars sold and $3.3 billion in lost sales.<\/p>\n
– By: Stephen Calogera<\/em><\/p>\n Source: MSNBC<\/a><\/p>\n The massive world-wide recalls issued by Toyota were no doubt costly. Assigning a final figure however, may be a daunting task. The figure released by Toyota on Feb. 4 puts the total cost of the situation at about 180 billion yen, or about $2 billion. 100 billion of those yen were for repairs, and the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-437688","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/437688","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=437688"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/437688\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=437688"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=437688"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=437688"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}<\/img><\/a>
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