This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Toyota Recalls: Are Ford, Honda, Nissan Just as Bad?


That also goes for Nissan [pictured above], which was recalling roughly 540,000 vehicles sold primarily in the U.S. to repair possible brake pedal and fuel-gauge problems; last month, Nissan announced plans to recall tens of thousands of vehicles in Japan and thousands abroad over a possible flaw related to engine breakdowns.

Silver believes that other automakers' recalls, such as these, will take some heat off Toyota, but might also confirm larger concerns about an industry-wide problem. While Caldwell calls Toyota the "poster child of the problem," Efraim Levy of Standard & Poor's believes that Toyota will overcome its ordeal and continue to grow.

"[Toyota] will pay a price in terms of reputation and financially, but if they can fix this problem and move on without any recurring problem, they should be fine," Levy says.

Don Esmond, Toyota's senior vice president of U.S. sales, says the automaker aims this year to regain most of the market share it lost in the U.S. over **recent months** following the massive recalls, according to Bloomberg. The company is aiming for up to 16.7% of new-car deliveries, which would be level with 2008, but not on par with 2009's 17%, Bloomberg reported.

How does that 16.7% figure measure up to the market share of other top auto market players? Well, Toyota will still have play more catch up, according to Autodata figures cited by Bloomberg. They show that GM's market share through February was 19.5% and that Ford ascended to second place with a 17.5% market share.
6 of 7

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
NSANY $17.70 -0.90%
F $13.30 -2.30%
HMC $26.77 -1.30%
TM $101.28 -1.20%
AAPL $94.04 0.43%


Chart of I:DJI
DOW 17,723.48 -167.68 -0.94%
S&P 500 2,058.12 -23.31 -1.12%
NASDAQ 4,756.1530 -61.4410 -1.28%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs