This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

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

Stocks in this article: TM F HMC NSANY


In October of 2009, Ford completed a series of recalls involving 14 million vehicles with a faulty cruise-control deactivation switch. Ford's latest recall involved some 4.5 million vehicles. Ford decided to recall the 1.1 million Windstar minivans pictured above made between 1995-2003 as part of this move.

Amid all the recall frenzy, it has come to light that the total number of deaths linked to Ford (F), Chrysler and other automakers' vehicles together exceed that of Toyota's, according to U.S. regulator data pooled from 30 years of unintended acceleration reviews, Bloomberg reported.

According to the report, Ford and Chrysler vehicles were connected to the majority of fatalities, 20 and 12 respectively, following Toyota's 51.

All in all, the National Highway Traffic Safety Administration (NHTSA) received roughly 15,000 complaints related to unintended acceleration in the last ten years and ran about 140 probes on the incidents since 1980, the report says. The agency reportedly sealed most of these cases without any remedial action, instead attributing the accidents to the accidental overexertion of the gas pedal, which eventually became the general assessment for runaway vehicles and led to such cases being taken less seriously, according to safety activists who spoke with Bloomberg.

"The Toyota case has brought new scrutiny to other factors, and NHTSA has to look at other causes," said Joan Claybrook, a former NHTSA administrator cited in the report. Meanwhile, none of this diminshes the fact that Toyota could take a painful financial hit from its recalls, legal battles and battered reputation. JP Morgan believes that Toyota could take a financial hit of $5.5 billion, which includes costs tied to both the recalls and law suits and experience a significant dent in marketshare, AP reported.

With all of this as a backdrop, we at TheStreet now ask you: Are you more inclined to forgive Toyota, knowing that Nissan, GM, Ford, Chrysler and Honda have recently experienced vehicle defects and recalls of their own? Or do you still think Toyota's actions have been uniquely rebrehensible? Take our poll below to learn what TheStreet has to say....

Are you more forgiving of Toyota's recalls knowing that Nissan, GM, Ford, Chrysler and Honda have also experienced similar problems?

Yes. I commend Toyota for engaging in recalls without pointing fingers at the rest of the auto industry.
No. Recalls by the other automakers do nothing to diminish Toyota's many problems.

-- Reported by Andrea Tse in New York


>>TM Financial News

Follow on Twitter and become a fan on Facebook.

Copyright 2009 Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
7 of 7

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs