Posts Tagged ‘Matrix’

Another Safety Issue: Can Toyota Ever Bounce Back?

Another Safety Issue: Can Toyota Ever Bounce Back?

By Joseph R. Szczesny, courtesy of TIME 

A Toyota dealership advertises a 0% interest rate on the windshield of an unsold 2010 Toyota Matrix in Lakewood, Colo.

David Zalubowski / AP

The flood of recalls — nearly 9 million vehicles in the past 12 months — and reams of nasty publicity involving runaway cars and unintended acceleration seemed finally to have abated for the beleaguered automaker Toyota. Then, on Tuesday, the National Highway Traffic and Safety Administration (NHTSA) said it was intensifying its investigation into another potential Toyota safety issue: sudden-stalling problems on its Corolla and Matrix models.

This new NHTSA move, a formal engineering investigation of the Matrixes and Corollas from model years 2005 to ’07, stems from more than 1,000 complaints that have been received by Toyota and the NHTSA. It could possibly lead to another major round of recalls if mechanical or electrical problems are found. (See the 50 worst cars of all time.)

The investigation is just the latest in a barrage of challenges — and heavy damage — to the once gilt-edged reputation of the world’s top automaker. While solidly profitable during the first quarter of fiscal year 2011, the company still has a way to go before it can repair that reputation. "They are still a successful company, they just aren’t on a pedestal anymore," says Rebecca Lindland, an analyst with IHS Global Insight.

"This controversy has damaged our reputation," acknowledges Toyota spokesman John Hanson, referring to the sudden-acceleration issue. But it’s about more than just reputation: Toyota faces liability claims over incidents that have been blamed for 79 deaths and hundreds of crashes.

Earlier in August, Toyota executives were heartened to receive a report from the NHTSA that the agency hadn’t found any evidence that faulty electronics played a role in sudden-acceleration accidents, and instead suggested driver error…
continue reading


Tags: , , , , , , , , ,




M-m-m-my Toyota suspends sales of eight US models

Better late than never.  Previously, at PSW M-m-m-my Toyota (includes the song) and Toyota And Lexus Vehicles Are Unsafe. – Ilene

Toyota Halts U.S. Sales of 8 Models

By AP / KEN THOMAS, TIME  

Toyota suspended U.S. sales of some of its most popular vehicles — including the best-selling car in America, the Camry — to fix sticking gas pedals that could make the cars accelerate without warning.

In another blow to the world’s No. 1 automaker, Toyota Motor Corp. said Tuesday it would halt some production at six assembly plants beginning the week of Feb. 1 "to assess and coordinate activities."

The company said it would stop selling eight models of cars and trucks, a significant portion of its fleet. The suspension comes after a recall of the same models last week involving 2.3 million vehicles.

Toyota has said it was unaware of any accidents or injuries due to the pedal problems associated with the recall, but could not rule them out for sure.

"This action is necessary until a remedy is finalized," said Bob Carter, Toyota’s group vice president and general manager.

The Japanese automaker said the sales suspension includes the following models: the 2009-2010 RAV4, the 2009-2010 Corolla, the 2007-2010 Camry, the 2009-2010 Matrix, the 2005-2010 Avalon, the 2010 Highlander, the 2007-2010 Tundra and the 2008-2010 Sequoia.

Some dealers suggested taking vehicles to dealerships for inspections if people have safety concerns.

Aaron Bragman, an auto analyst for the consulting firm IHS Global Insight in Troy, Mich., said Toyota typically sells about 65,000 Camrys and Corollas a month, and the frozen sales could strike at the company’s bottom line and reputation for quality.

"That’s huge if they can’t sell these and they don’t have a fix identified. They need to go and get a solution to this fast," Bragman said.

Toyota sold more than 34,000 Camrys in December, making the midsize sedan America’s best-selling car. It commands 3.4 percent of the U.S. market and sales rose 38 percent from a year earlier. Sales of the Corolla and Matrix, a small sedan and a hatchback, totaled 34,220 last month, making up 3.3 percent of the market and sales up nearly 55 percent from December of 2008.

Toyota spokesman Mike Michels said production would be suspended on the affected vehicle lines this week and it was unclear exactly when it would resume. In…
continue reading


Tags: , , , , , , , ,




M-m-m-my Toyota

M-m-m-my Toyota

By Ilene
--thanks to miffed Toyota driver, Timothy D. Naegele

Toyota Sienna mini vans on display at the LA Auto Show 2009 in Los Angeles

Reports of sudden acceleration in Toyota vehicles has led Ken Bensinger and Ralph Vartabedian to investigate the claims that certain dates and models of Toyotas are designed defectively. They concluded that the original explanation, floor mats getting stuck under the accelerator pedal, is not likely the key problem. Instead, they suggest that the electronic throttles in models after 2002 are malfunctioning, in some cases, leading to terrifying and deadly accidents.

That’s bad.  But not even the only problem Toyota is facing. Mr. Bensinger and Mr. Vartabedian have also written about a federal investigation into Corolla and Matrix cars, model year 2006, which are subjects of complaints about stalling, sometimes while being driven at freeway speeds, and sometimes in dangerous spots, such as in the middle of intersections.

The TIME article cited below also points out that even though Toyota is recalling millions of vehicles at risk for speeding out of control, it is not clear the auto manufacturer understands what the problem is – the floor mat being stuck under the accelerator pedal, or a problem with the electronic engine control system malfunctioning, or a combination of these problems as well as others? Toyota’s critics are complaining that the problem is with the electronic engine control system, though this allegation has yet to be proven.

Keep reading for more details and a new Toyota tune at the end.

Data point to Toyota’s throttles, not floor mats

By Ken Bensinger and Ralph Vartabedian, LA Times

Eric Weiss was stopped at a busy Long Beach intersection last month when he said his 2008 Toyota Tacoma pickup unexpectedly started accelerating, forcing him to stand on the brakes to keep the bucking truck from plowing into oncoming cars.

Toyota Motor Corp. says the gas pedal design in Weiss’ truck and more than 4 million other Toyota and Lexus vehicles makes them vulnerable to being trapped open by floor mats, and on Wednesday, it announced a costly recall to fix the problem.

But Weiss is convinced his incident wasn’t caused by a floor mat. He said he removed the mats in his truck months earlier on the advice of his Toyota dealer after his truck suddenly accelerated and rear-ended a BMW.

"The brakes squealed and the engine roared," the 52-year-old cabinet maker said


continue reading


Tags: , , , , , ,




 
 
 

Phil's Favorites

How we discovered gravitational waves from 'neutron stars' - and why it's such a huge deal

 

How we discovered gravitational waves from 'neutron stars' – and why it's such a huge deal

Courtesy of Martin HendryUniversity of Glasgow

Artist’s illustration of two merging neutron stars. National Science Foundation/LIGO/Sonoma State University/A. Simonnet., CC BY-SA

Rumours have been swirling for weeks that scientists have detected gravitationa...



more from Ilene

Zero Hedge

Look Out, New Yorkers: GM To Begin Testing Driverless Cars In The Big Apple

Courtesy of ZeroHedge. View original post here.

If you happen to see a driverless car trundling down Fifth Avenue, don’t panic.   

Compounding the misery that Elon Musk is likely feeling right now, General Motors has scored yet another victory in its quest to build the first commercially viable self-driving car.  
New York Gov. Andrew Cuomo on Tuesday granted GM’s Cruise Automation division permission to begin testing fully autonomous vehicles on New York City roads – meaning GM will become the first automaker to begin testing autonomous cars in the northeast....



more from Tyler

ValueWalk

Travel Ban Enjoined, But Only Because of Traumplaw?

By JOHN F. BANZHAF. Originally published at ValueWalk.

A federal judge in Hawaii has termporarily enjoined the President’s latest travel ban order, finding that it was inconsistent with federal immigration law,. even though non-Muslim countries were now included, and the explanations offered were more extensive and based on considerably more study than the two earlier.

Many law professors and other independent legal observers had concluded that any such challenge would likely fail, unless the courts applied what is increasingly being characterozed as “Trumplaw” – a legal analysis unique to the actions of this president alone, and designed to oppose and frustrate his efforts, even if it requires bending or stretching established legal principles, says public interest law professoR John Banzhaf who explains the new phenomina this way.

]]> Kno...

more from ValueWalk

Chart School

More of the Same

Courtesy of Declan.

There was little change on the day-to-day machinations of the market. The S&P is riding along upper channel resistance with technicals still bullish.


The Nasdaq is caught in a halfway house with bullish technicals and a relative advantage of the index against the S&P.


The Russell 2000 is...

more from Chart School

Digital Currencies

BDC's Crypto Corner

 

BDC’s Crypto Corner

By Biodieselchris

Hello fellow PSW-ers. I've been interested in cryptocurrencies (informally, "cryptos" or "coins") since 2011 when I first heard about Bitcoin, Since that time I've become somewhat of a subject matter expert and personal investor in Bitcoin and other alternative cryptocurrencies ("altcoins"). I have even started one of my own!

I've been posting comments about cryptos in Phil's daily post from time to time. Recently, Phil and I got on a call and he asked if I would like to run a blog on his site specifically about cryptos, which I thought was a great idea. My goal would be to educate members on what I know about how coins work, how I research coins (what I find interesting), how exactly one can...



more from Bitcoin

Insider Scoop

Subscriber Growth Strength Bolsters Netflix Q3

Courtesy of Benzinga.

Related NFLX The Market In 5 Minutes: Netflix, Goldman Sachs, And Morgan Stanley Keep The Earnings Beats Going ...

http://www.insidercow.com/ more from Insider

Mapping The Market

Puts things in perspective

Courtesy of Jean-Luc

Puts things in perspective:

The circles don't look to be to scale much!

...

more from M.T.M.

Biotech

Circadian rhythm Nobel: what they discovered and why it matters

Reminder: Pharmboy and Ilene are available to chat with Members, comments are found below each post.

 

Circadian rhythm Nobel: what they discovered and why it matters

Courtesy of Sally Ferguson, CQUniversity Australia

Today, the “beautiful mechanism” of the body clock, and the group of cells in our brain where it all happens, have shot to prominence. The 2017 Nobel Prize in Physiology or Medicine has been awarded to Jeffrey C. Hall, Michael Rosbash and Michael W. Young for their work on describing the molecular cogs and wheels inside our biological clock.

In the 18th century an astronomer by the name of Jean Jacques d'Ortuous de Ma...



more from Biotech

Members' Corner

Day of Last Dances

News today has been relentlessly terrible. A horrific mass murder happened last night in Las Vegas. (Our politician's abject failure to address gun control is beyond sickening.) And today, reports that Tom Petty died of a heart attack, followed by reports that Tom Petty is not dead, and now reports confirming that Tom Petty has passed away. 

...

more from Our Members

OpTrader

Swing trading portfolio - week of September 11th, 2017

Reminder: OpTrader is available to chat with Members, comments are found below each post.

 

This post is for all our live virtual trade ideas and daily comments. Please click on "comments" below to follow our live discussion. All of our current  trades are listed in the spreadsheet below, with entry price (1/2 in and All in), and exit prices (1/3 out, 2/3 out, and All out).

We also indicate our stop, which is most of the time the "5 day moving average". All trades, unless indicated, are front-month ATM options. 

Please feel free to participate in the discussion and ask any questions you might have about this virtual portfolio, by clicking on the "comments" link right below.

To learn more about the swing trading virtual portfolio (strategy, performance, FAQ, etc.), please click here ...



more from OpTrader

Promotions

NewsWare: Watch Today's Webinar!

 

We have a great guest at today's webinar!

Bill Olsen from NewsWare will be giving us a fun and lively demonstration of the advantages that real-time news provides. NewsWare is a market intelligence tool for news. In today's data driven markets, it is truly beneficial to have a tool that delivers access to the professional sources where you can obtain the facts in real time.

Join our webinar, free, it's open to all. 

Just click here at 1 pm est and join in!

[For more information on NewsWare, click here. For a list of prices: NewsWar...



more from Promotions

Kimble Charting Solutions

Brazil; Waterfall in prices starting? Impact U.S.?

Courtesy of Chris Kimble.

Below looks at the Brazil ETF (EWZ) over the last decade. The rally over the past year has it facing a critical level, from a Power of the Pattern perspective.

CLICK ON CHART TO ENLARGE

EWZ is facing dual resistance at (1), while in a 9-year down trend of lower highs and lower lows. The counter trend rally over the past 17-months has it testing key falling resistance. Did the counter trend reflation rally just end at dual resistance???

If EWZ b...



more from Kimble C.S.

All About Trends

Mid-Day Update

Reminder: Harlan is available to chat with Members, comments are found below each post.

Click here for the full report.




To learn more, sign up for David's free newsletter and receive the free report from All About Trends - "How To Outperform 90% Of Wall Street With Just $500 A Week." Tell David PSW sent you. - Ilene...

more from David



FeedTheBull - Top Stock market and Finance Sites



About Phil:

Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

Learn more About Phil >>


As Seen On:




About Ilene:

Ilene is editor and affiliate program coordinator for PSW. She manages the site market shadows, archives, more. Contact Ilene to learn about our affiliate and content sharing programs.

Market Shadows >>