Toyota Could See $2 Billion Loss - Profit From Previous Quarter Non-Issue

Toyota Metal Shim For Pedal Fix

Toyota Metal Shim For Pedal Fix

Toyota could be facing a potential $2 Billion dollar loss from the result of a safety recall affecting over 2 million vehicles in the US with gas pedal problems, brake problems and accelerator issues, regardless of an increase in sales from the previous quarter.

Toyota is dealing with a catastrophe, it’s being questioned by Ray LaHood continually about whether they’re being completely open about the overall issue. Feds are pushing them hard, Ray LaHood said the company was being a little “safety deaf” when he summarized the urgency Toyota displayed when the problems began to build. Now that brake problems are getting added to the list, it has customers wondering.

Toyota stopped production on the recall models and years that were affected so that they could produce a solution for the cars currently on the road that have issues related to unintended acceleration, and recent news of Prius brakes (recently brought up in Japan with regards to the Toyota Prius).

The company has been struggling with trying to keep it’s customers informed of what to do, leaving many losing confidence in the company that once was known for the car that ran forever.

Talking with Toyota owners in person one can quickly sense the situation as being a severe threat to the loss of future business due to the slow reaction of the recall and then leaving people without enough information and being concerned about whether they should even drive until its resolved.

Toyota was reporting $155 million in losses per week quickly add up considering the additional costs of manufacturing and getting their customer’s vehicles serviced. Some Toyota dealers began installing the shims today and are working around the clock.

The Feds are now probing beyond this mechanical issue which Toyota claims are the result of pedals sticking, and looking into possible electronic and electromagnetic issues since the accelerator pedal assembly uses drive-by-wire, an electronic signal is sent to the throttle body based on the % the pedal is depressed.

Now that the Prius brakes being reported the fact that people are coming out with details about the braking system flaws, Toyota is going to be adding more to the list of recalls. Toyota Prius brakes, which are regenerative braking system that recycles energy back into the battery system to recharge itself seem to be plagued with problems, the electronic glitches, lead people to believe Toyota will need to start sharing more of the big picture since they are starting to indicate the problem is more than simply a worn pedal that is sticking.

In addition to the braking issue, Steve Wozniak, one of the original co-founders of Apple has described a throttle issue while on the freeway in cruise control. Toyota is getting a closer look at Wozniak’s Prius when they take it for a week to evaluate it.

Here’s the current Toyota Recall Models And Years.

A Gas Pedal Diagram that shows the recalled CTS pedal.

2 Comments

  1. Mike said:

    How big is the shim? based on your knowledge of the size of the shim, would this fix work? http://stiltsville.wordpress.com/2010/02/05/toyot...

  2. TuneyFish said:

    It wouldn't be advised to attempt this on your own, Jalopnik posted a
    TSB that shows the process in detail:
    http://jalopnik.com/5465002/toyota-recall-the-tsb...

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