Toyota Says 65% of Recall Repairs Are Completed

Just thought that it’d be nice to follow through on Case #1 concerning the company Toyota, and their current crisis relating to their vehicle recalls. So, for those who have no idea what I’m talking about, let me give you a quick overview. Basically, in 2009, following their achievement of becoming the #1 car-maker in the world, Toyota experienced a series of recalls concerning the safety and quality of their vehicles. Essentially affecting shareholders and their shares because it means that they get less dividends.

However, as the title of the article states, Toyota can breathe a sigh a relief as they have seen the brighter side to their dilemma. 65% of the 6 million vehicles have been repaired in the United States.

Despite the chances of ruining their reputation, Toyota has managed to progress in helping maintain their status and customer confidence on safety and quality of their cars. After months of a decline in sales, in the month of September, Toyota has seen an incline by 1.1% from 2009 to 2010.

Furthermore, sales are slowly climbing upwards as the months pass and recalls are becoming smaller as vehicles are being repaired. The chief executive of Edmunds.com is optimistic and leaves readers with the following: “…as the months go on, they’re healing…”