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Jakarta Post

We all thought the Japanese walk on water!

  • Tom Plate

Los Angeles   /   Mon, February 8 2010   /  10:37 am

Once upon a time — not so long ago in fact — the word “Toyota” was a synonym for “quality”, even “reliability”. Even that’s under recall now.In a stunning reversal, the Tokyo-based auto giant is starting to back-pedal big-time. More than two million cars, from no less than eight model-lines, are being recalled, due to widespread performance-safety reports. Included in the massive backwards-movement were the popular Camry sedans and RAV4 sport utility vehicles. Red-faced Toyota execs admit that even the Prius, the green-car superstar, is under serious scrutiny.Good news for America? Sure, in the sense that what’s not good for Toyota can prove great for General Motors (not to mention Ford). Last month, the latter realized a 24 percent increase in sales, and GM’s up-tick was also anything but shabby. Trend lines? Time, as it so often does, will tell.In the meantime, th...