Ford and Honda May Benefit as Toyota Recall Grows

By yudhi on Jan 30, 2010 with Comments 1

Toyota’s (TM) recall of cars with floor mat and accelerator problems is likely to spread to Europe where many of the same defects exist. That would bring the worldwide recalls of vehicles made by the No.1 global car company to 8 million, according to Reuters.

In most highly competitive industries when there is a loser, there are usually winners. Toyota has an extremely broad product line that includes luxury vehicles, SUVs, pick-ups, sedans, coupes and hybrids. So the competition for its customers will come from companies which sell a similarly broad spectrum of cars.

Continue reading Ford and Honda May Benefit as Toyota Recall Grows

Ford and Honda May Benefit as Toyota Recall Grows originally appeared on DailyFinance on Thu, 28 Jan 2010 05:00:00.

Filed Under: Honda Motor Co., Ford Motor Co., Toyota, General Motors, Autos

Filed Under: Finance

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  1. Cory Grodin says:
    February 24, 2010 at 5:02 am

    Toyota executives are currently testifying before Congress about the safety issues that have led to the recall of millions of vehicles. They insist that “We are confident that no problems exist with the electronic throttle control system in our vehicles.”

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