Toyota

"Still, the payments are unlikely to hurt Toyota's finances much. In its last fiscal quarter, Toyota posted a $5.2-billion profit, crediting a weak yen and strong global sales."


So, a $1.2 billion fine is a slap on the wrist. :(
 
To tell the truth, I was actually surprised to see the CBC report on this at all. They are so far left and anti-domestic industry it's not even funny.
 
"Still, the payments are unlikely to hurt Toyota's finances much. In its last fiscal quarter, Toyota posted a $5.2-billion profit, crediting a weak yen and strong global sales"

I don't agree with the writer's assessment at all. Taking more than 1/5th of their entire profit for a quarter is likely to make a real impression at Toyota.
 
"Still, the payments are unlikely to hurt Toyota's finances much. In its last fiscal quarter, Toyota posted a $5.2-billion profit, crediting a weak yen and strong global sales"

I don't agree with the writer's assessment at all. Taking more than 1/5th of their entire profit for a quarter is likely to make a real impression at Toyota.

Just another example of a "journalist" writing about something they know nothing about. Whatever happened to just reporting the facts without trying to put some sort of spin on the story?
 
The US government will probably let them off the hook - quietly, so as to not ruffle any feathers that might lose them votes. Toyota will claim hardship and threaten to move, or perhaps withdraw some big buck expansion plans or hint at massive lay-offs if they are forced to pay.
Pretty sure that's what our government did... cave.

I'm surprised this got any headlines at all. Toyota has been treated like a "can-do-no-wrong-everything-they-build-is-better-than-what-domestic-auto-makers-can-do" entity for a long time.
 
The US government has nothing to do with what happens in the case. If it's settled, then it's essentially a done deal. If it goes all the way to trial, it's decided by a jury of regular Joes (who may be responsible for what the award per claimant will be), and needs only be affirmed by a higher court should Toyota appeal.

The media is something else entirely. I doubt it will rate more than one night's coverage unless it affected some celebrity.
 
Not so fast... Eric Holder is Obama's puppet boy. As AG, he has the power to over-ride any judicial decision, if I'm not mistaken. If he doesn't have that power, his Master can simply write an executive order and make it so.
 
You are mistaken. Neither one of them has the power to override a judicial decision. That's why we have the Supreme Court. The Judicial branch is a separate branch of government not beholden to the Executive branch, of which Holder is a part. In fact, if Obama signs an executive order which the Supreme Court decides is unconstitutional, it is no longer a law and Barry's back to square one. The US system of checks and balances, when used correctly, is one of the most genius parts of our Constitution. It suits our Communist in Chief well not to piss in the Court's corn flakes.

Of course, this is all a moot point since the US government has absolutely no vested interest in the case whatsoever. They have nothing to gain by letting Toyota "off the hook" as you say. What happens to Toyota means nothing to them. The government didn't "save" Ford from the PowerStroke debacle; in fact, they essentially allowed Navistar to crucify Ford about 7 years ago, and Henry's crew took another bitch-slap when the class-action lawsuit was settled.
 
Then I stand corrected. :)

But is there not an upcoming GM lawsuit that will have Eric and Barry in a tough place? A place that might be more tenable by minimizing this judgement?

Either way, we'll have to wait and see.
 
How did navistar crucify ford? Not arguing, I really don't know. It has been my opinion that the 6 liter powerjoke debacle was both ford's and international's fault. As I understand it, ford wanted/needed both an engine to meet upcoming emission standards and 325 hp or so to compete power-wise with the duramax and cummins. They then twisted international's arm to build the 6.0 to that power level, a demand that international should have refused.
 
You are 100% correct about the origin & purpose of the 6.0L, v8440, including the fact that Navistar should've declined. However, once it had gone completely sideways, Ford told Navistar to take a flying leap with regards to the PowerStroke-based V6 for the F-150. And that's where the beat-down started.

The Powerstroke V6 project was so far along you can actually find evidence of it in Ford parts catalogs of that time frame if you have a sharp eye. Navistar told Ford, "We have a contract to which you are bound, skippy." Ford tried to weasel their way out of it, and Navistar won a $75 million breach-of-contract suit against Ford. The PowerStroke had already cost Ford a little over $75 million in warranty claims at the time of that judgment, meaning the 6.0L had hit Ford to the tune of $150 million--and that was 6-7 years ago. Though the 6.4L PowerStroke was still a Navi engine, the damage was done and their longtime relationship was dissolved during the 6.4L era. During the dissolution of that partnership, Navistar was released from further liability in regards to the engines they'd supplied to Ford including the 6.4L they were still supplying, which meant Ford was buying "crate liabilities" for all intents and purposes. Ford simply could not ignore the diesel market until they could release their homegrown "Scorpion" 6.7L diesel for 2011, so they rolled the dice. Luckily for Ford, the 6.4L was a vast improvement over the 6.0L. Ironically, much of what made the 6.4L engine better grew out of the ill-fated PS V6.

Fast forward a few years to 2013, and the class-action lawsuit against Ford by 6.0L is settled. Navistar's financial liability for that lawsuit: $0. It won't cost them a dime since Ford released them years ago.

Navistar, never ones to rest on their laurels, after finally making a pretty-good light-diesel duty that they couldn't sell, then proceeded to shoot themselves in both feet with the heavy-duty MaxForce, an engine so bad the local International dealer is rapidly circling the drain and International/Navistar itself might not be around much longer afterwards.

If International/Navistar had half the skill in their engineering department as they do in legal, they'd rule the HD diesel world.
 

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