Quote:
Originally Posted by 101lifts2
http://www.autoblog.com/2009/10/08/n...rame-rust-cla/
NHTSA does not produce the recall...Toyota does, but they are pressured by NHTSA to do so. So, the 1.5 times the value was something they most likely did to alleviate consumers from suing becuase they had put more money into the vehicle or had extra equipment added on. Bad press is....well bad press.
Again...it was only when NHTSA investigated the Tundra frame issues that Toyota began to back the Tacomas...but I'm sure there was some pressure.
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So, let's recap.
No recall.
Not forced to pay 1.5 times retail book.
They were approached by the NHTSA, and decided to stay ahead of the curve.
Sounds like good management to me. When's the last time GM paid out 1.5 times book, for a faulty vehicle?
I'll take never for a thousand please, Alex.
JC