The American is sharpening the knife...

[Ben5266]

So now, Toyota put their head on the chopping board for the American to [knife] .

 

Toyota will have to pay for all the activities to "repair" the cars and loss of use. What a genius way to stimulate the American economy.

Then, collect $10B saman and pump the money into GM.

Toyota no cash? Never mind, they will merge Toyota with GM and Toyota will become another brand under GM.

 

American

 

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Toyota's problems loom large even after hearings

http://finance.yahoo.com/news/Toyotas-prob...7a&ccode=rd

WASHINGTON (AP) -- Even as Toyota CEO Akio Toyoda wrapped up a grueling appearance before Congress, the head of the world's largest automaker wasn't leaving his problems behind.

 

Toyota faces a criminal investigation by federal prosecutors in New York. The Securities and Exchange Commission is investigating the company. Its beleaguered U.S. dealerships are facing repairs to potentially millions of customer vehicles that have been recalled. The company is offering customers new reimbursements for rental cars and other expenses.

 

Its lawyers are bracing for waves of death and injury lawsuits. The Senate will conduct a new hearing next week. And the cost to Toyota's reputation is only now starting to emerge.

 

"There is still a very large bull's-eye pinned to Toyota right now," said Aaron Bragman, an auto industry analyst with IHS Global Insight.