Toyota shares are being crushed by the company's auto recalls and production halts due to malfunctioning stuck-accelerator death pedals.
Shares are down another 3.9% right now in Tokyo, even after yesterday's blood bath.
They've now collapsed 15% in just five trading sessions.
Bloomberg: Toyota’s “reputation for long-term quality is finished,” said Maryann Keller, senior adviser at Casesa Shapiro Group LLC in New York, a strategic adviser to auto industry. “People aren’t going to buy Toyotas, period. It doesn’t matter which model. What’s happened is sufficient to keep people out of the stores,” she said in an interview yesterday.
It's shocking the amount of damage a faulty rubber mat can do.
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See Also:
- Toyota's Over-Expansion Glaringly Obvious As Production Halts For Eight Models
- Japan's Revival Lies In Becoming A Giant Toyota
- Toyota Just Got All The Lithium It Needs By Claiming Stake In Mining Company
Full story at http://feedproxy.google.com/~r/businessinsider/~3/vlHUr28j2Rk/toyota-shares-body-slammed-by-death-pedal-recalls-2010-1
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We need to go after the professulas who inflicted America-hating Trotskyite Deming Juran Japanese participative Toyotagate management on this country! "Industrial engineering" is soviet economics and "financial engineering" is soviet finance because they don't believe in free markets and try to manipulate trends instead. Bitter Gallusour impuned te intellect of GWB43. Climategate is what happens when universities become addicted on federal grants for research, so they invent catastrophes like Y2K or global warming to extort a bigger fix of money. This is a continuation of Climategate and ACORN/PIRG/ARA-gate, used to make America subservient to the professulas. If securities rules applied to federal research grants, half the professors would be in jail! The Professulas, trial lawyers and union organizers are Obama's core constituencies. Universities, libraries, museums and other public beneficiaries extort their patrons to lobby on their behalf using taxpayer resources. That's what ACORN and PIRG are about. They even encourage students to max out their loans and invest the proceeds so the school can up its total. Obama learned the trick when he worked for Don Kent at tuition-funded Arms Race Alternatives, while they denied admission to Young Americans for Freedom or even the pro-nuclear Social Democrats. Ted Markowitz used the Xerox 9700 to make fliers for the June 12th nuclear freezers, but persecuted students for smaller infractions. Look how they destroyed a supply side hero like Jeff Bell!
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