Toyota puts it in the ditch
Toyota halts sales of eight models in the United States in wake of safety recall of 2.3 million vehicles for throttle control problems.
This is on top of the previous 4.2 million vehicles that were recalled to fix floor mat problems earlier this year.
In fact, according to The Detroit Free Press, Toyotas were the most recalled car in America in 2009 with almost one-third of all recalled cars being Toyotas (4.87 million Toyotas recalled out of a total 15.2 million vehicles recalled).
Wow.
To top it off, Toyota intends to cut supplier part cost up to 30% over the next three years to improve profitability. That money won't come out of thin air, so expect cheaper parts to go into future Toyotas. Maybe now isn’t such a good time to buy a new Toyota.