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  • The Case of Toyota Recall: What Happened in The United States in 2009?

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    Oscar Alejandro Jauregui
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    In 2009, the United States experienced its worst decline in GDP in six decades due to a significant decline in investment, deterioration of household finances, reduced availability of credit, and a sharp rise in the unemployment rate caused by the worldwide financial crisis. Toyota recalled over 8.5 million vehicles worldwide due to faulty accelerators, floor mats that could trap gas pedals, and brake issues in Prius hybrids. The massive recall operation cost Toyota $2 billion in lost output and sales. In conclusion, some argue the Toyota recall was politically motivated, while others see it as leading to increased safety regulations for auto manufacturers.

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    In 2009, the United States experienced its worst decline in GDP in six decades due to a significant decline in investment, deterioration of household finances, reduced availability of credit, and a sharp rise in the unemployment rate caused by the worldwide financial crisis. Toyota recalled over 8.5 million vehicles worldwide due to faulty accelerators, floor mats that could trap gas pedals, and brake issues in Prius hybrids. The massive recall operation cost Toyota $2 billion in lost output and sales. In conclusion, some argue the Toyota recall was politically motivated, while others see it as leading to increased safety regulations for auto manufacturers.

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    6 views1 page

    The Case of Toyota Recall: What Happened in The United States in 2009?

    Uploaded by

    Oscar Alejandro Jauregui
    In 2009, the United States experienced its worst decline in GDP in six decades due to a significant decline in investment, deterioration of household finances, reduced availability of credit, and a sharp rise in the unemployment rate caused by the worldwide financial crisis. Toyota recalled over 8.5 million vehicles worldwide due to faulty accelerators, floor mats that could trap gas pedals, and brake issues in Prius hybrids. The massive recall operation cost Toyota $2 billion in lost output and sales. In conclusion, some argue the Toyota recall was politically motivated, while others see it as leading to increased safety regulations for auto manufacturers.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    of 1

    What happened in the United States in 2009?

    SOCI

    In 2009 the USA had the worst decline in GDP (Gross


    Domestic Product) in six decades after a significant decline in
    deterioration
    VOLUinvestment,
    FEB
    VOLU
    FEB
    VOLUof household finances, the reduced
    ME availability
    '09
    ME of credit
    '08
    ME the sharp rise in the unemployment
    and
    106.4
    rate due to1.283
    the financial
    crisis worldwide.

    FEB
    '16
    TOYO 110.3
    TA
    9 708.8K 62.79
    M
    8 646.9K
    53.651
    31.878
    40.55
    The share value.
    FORD 11.45
    M
    1.72
    M
    5.62
    M
    HOND
    1.832
    A
    26.01 1.261M 23.52
    M 30.26 582.9K
    23.019
    GMC
    28.54
    M
    -

    FINANCI

    Currency in USD

    The
    case of
    Toyota
    Recall

    Problems:
    Faulty accelerators.
    Floor mats getting stuck in gas pedals.
    Brake problems (Prius hybrids).
    How many cars had been recalled?

    OPERATIO

    More than 8.5 million cars.


    How much it cost?
    Toyota faced losses totalling as much as US$2,000 million
    from lost output and sales worldwide.
    What happened in the operation?
    Toyota began a massive recall worldwide to fix the problems
    using all media possible. In fact, Toyota CEO personally
    apologized for the quality problems and recalls.
    IN CONCLUSION, IT WAS A SABOTAGE, A POLITICAL CONDITION. A POLITICAL
    GOOD WAS USE TO JUSTIFY AN EVIL PURPOSE. AT THE END WE CAN FIND AN
    ADVANTAGE OF THIS CASE, THIS ADVANTAGE IS THE CREATION OF THE
    TOYOTAS LAW. IT SAYS THAT IF A COMPANY CAN PROVE THAT SOME SUPPLIER

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