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Financial woes for Toyota with the US DOT now involved.

10 March 2010

With all of the car financial and reputation problems that Toyota are experiencing with its infamous recall fiasco, the US Department of Transportation (DoT) is considering enforcing car makers to install a device that will over-ride the brake and accelerator pedals should a car refuse to stop.

50 deaths are now confirmed to be due to cars declining to stop and Ray Lahood, US Transportation Secretary, admitted there may be a need for such a device in the future. The Car Finance issues that are in a stranglehold of Toyota refuse to go away, with reports of so called “Fixed” cars still failing to stop when told too, the issue of Toyota’s financial integrity will undoubtedly come into play.
 
In related news, Toyota is now trying to attract customers in the US by offering 0% car finance for five years on new vehicles. This finance programme will attempt to counteract the 9% February sales fall that Toyota experienced in the American market.