Archive for March 9th, 2010

Driver Claims 2008 Toyota Prius Went Wild on Freeway

Tuesday, March 9th, 2010

2008 Toyota Prius

The Today Show’s Matt Laurer reports on a driver’s claim that his 2008 Prius went wild on the California freeway prompting a frantic 911 call.  The Toyota Prius was not one of those recently recalled by Toyota, although some Prius models have been.  Watch the responding police officer and the frantic driver talk about his efforts to hit the brakes to slow the car, without success.

Click this link to watch the video of the Today Show report.

Class Action Lawsuits Could Cost Toyota Billions

Tuesday, March 9th, 2010

More Trouble for Toyota

MSN reports on an AP article documenting the recent spate of lawsuits against the automaker by consumers who claim their vehicles have decreased in value since the massive recall ordered last fall.  At least 89 class action  lawsuits have been filed around the country.  Experts believe such lawsuits could ultimately cost Toyota 3+ Billion, yes billion, dollars.  This does not include those lawsuits claiming personal injury or death from defects.

The consumers allege that Toyota knew about safety problems but hid those problems from consumers who purchased their cars.  They site to recent decisions by such companies as Kelly Blue Book to reduce the resale value on recalled vehicles by 3.5 percent.  While this is not much, with an estimated 6 million recall victims, a certified class getting just $500 per member could reach into the billions.

Toyota of course denies that a vehicle will depreciate much if repaired quickly at no cost, which they offer.  However, the issue still remains over whether or not Toyota has identified the problem of sudden acceleration.  Toyota continues to deny that electronic computer controls are to blame, but car owners continue to complain of sudden acceleration after the vehicles have been repaired.  You can read the entire article, here.