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	<title>Financial Accuracy &#187; Toyota Prius Recall</title>
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		<title>Toyota Prius Recall</title>
		<link>http://www.financialaccuracy.com/toyota-prius-recall/</link>
		<comments>http://www.financialaccuracy.com/toyota-prius-recall/#comments</comments>
		<pubDate>Thu, 04 Feb 2010 20:17:21 +0000</pubDate>
		<dc:creator>MoneySmart</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[Toyota Prius Recall]]></category>

		<guid isPermaLink="false">http://www.financialaccuracy.com/?p=471</guid>
		<description><![CDATA[Toyota has been hit with hundreds of complaints about their new Hybrid Pruis&#8217; brakes in both the U.S. and Japan. On Wednesday, Ray Lahood, Transportation Secretary, gave guidance to owners of Toyota cars. He said, &#8220;My advice, is if anybody owns one of these vehicles, stop driving it. And take it to a Toyota dealer.&#8221; [...]]]></description>
			<content:encoded><![CDATA[<p>Toyota has been hit with hundreds of complaints about their new Hybrid Pruis&#8217; brakes in both the U.S. and Japan.</p>
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<p>On Wednesday, Ray Lahood, Transportation Secretary, gave guidance to owners of Toyota cars.  He said, &#8220;My advice, is if anybody owns one of these vehicles, stop driving it. And take it to a Toyota dealer.&#8221;  Obviously the only words that stuck out to people from his advice was, &#8220;Stop driving it.&#8221;</p>
<p>When later swarmed by reporters, Lahood tried to take back his words by saying, &#8220;What I said in there was obviously a misstatement.  If you own one of these cars, or if you’re in doubt, take it to the dealer.&#8221;</p>
<p>Toyota has declared to have fixed it&#8217;s problem concerning it&#8217;s Prius&#8217; Hybrid and encourages all who want, to come into the dealership to get it fixed.  However, Toyota is not so blunt or concerned about its drivers as to stay &#8220;Stop driving,&#8221; like Lahood.</p>
<p>With this recall and criticism, Toyota&#8217;s company has dropped sales in the U.S. dramatically.  Also, Toyota stocks are down by 5%.</p>
<p><a href="http://www.financialaccuracy.com/wp-content/uploads/2010/02/Toyota-recall.bmp"><img class="aligncenter size-full wp-image-473" title="Toyota recall" src="http://www.financialaccuracy.com/wp-content/uploads/2010/02/Toyota-recall.bmp" alt="" /></a></p>
<p>Surprisingly, Toyota has posted a $1.7 billion profit in the third quarter despite the $2 billion it spent in recall costs.</p>
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