Toyota Halts: Rivals Pounce
Well, word of Toyota's accelerator problem is all over the place, and it's
likely to be sticking around for some time. However, Toyota is working quickly
to halt the damage with the goal of restoring consumer confidence and its vehicle
sales.
It is suspected that a Toyota supplier, CTS Corporation located in Elkhart,
Indiana was the supplier of the accelerators. The accelerator pedals were
made for Toyota at a CTS plant located outside Toronto, Canada.
CTS is reportedly working with Toyota on a new accelerator pedal design
and testing. CTS will ship the replacement accelerators to Toyota dealers
and the automaker will update the recalled Toyota vehicles.
Of note is that CTS not only makes accelerator pedals for Toyota but also
for the other Japanese automakers Nissan and Honda.
Meanwhile, Ford and GM are trying to pounce on the situation in an
effort to increase their vehicle sales and market share. Ford is reportedly
offering drivers who trade in a Toyota, Lexus, Scion, Acura or Honda an
extra $1,000 off a new Ford vehicle. GM is reportedly offering drivers
who trade in a Toyota or Lexus $1,000, or waiving 3 vehicle payments up
to $1,000, or 0 percent financing for 60 months.
Well, regarding this incentive, at lease Ford and GM are now offering
some vehicles that are indeed competitive with Toyotas prior to the recall.
I have reported on these vehicles in articles of the San Francisco Examiner
(Examiner.com). The vehicles include the Cadillac CTS, the Chevy Malibu
and Equinox, the Buick Lacrosse, and the Ford Fusion and Focus.
It is a wild automotive industry to say the least!
Kyle Busch is the author of "Drive the Best for the Price…" He
welcomes your comments or car questions at his auto web site:
http://www.DriveTheBestBook.com
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