Car Company Recalls

The past year has been a less than fortunate one for many of the major car companies around the world.  Due to safety problems, many of the more popular models of these companies, such as the Toyota Sienna minivans, are being recalled to their designated companies.

While this is not the first time a recall has happened, in fact, Toyota had another such recall earlier this month, it has not happened so simultaneously between the main car manufacturer brands.

The question then arises, what does this do to the market?

And even more pressingly for the manufacturing companies, what does this mean to their operations.

With recalls come replacements, where Toyota and its competitors will have to gift brand new versions of the faulty models to avoid any suits in regard to safety being filed against them.

In a still recovering economy, it begs the question of whether or not consumers are still willing to buy new cars when safety can apparently be so easily compromised.

http://www.bnn.ca/News/2013/9/30/BMW-Hyundai-and-Kia-recall-over-180000-cars-in-China.aspx

http://www.webpronews.com/toyota-recalls-vehicles-for-8th-time-this-year-2013-09

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