Originally Posted By: wapacz
Originally Posted By: ekpolk
Originally Posted By: 1sttruck
"So here's Toyota offering to buy back thirteen (13) year old vehicles, and they're getting hammered for it. Amazing... Please, someone tell me when it was that GM last offered to buy back thirteen year old vehicles with problems."
Excuse me for not having much sympathy, but oh wait WATCH OUT MAN, DON'T STEP IN THAT BIG PILE OF SUPERIOR JAPANESE VEHICLE QUALITY. Wow, it's all over your shoes, not to worry thouhg, it seems there lots and lots of Koolaid to wash it off.
Well, once again, I'll pass on the Kool-Aid, and just invite you to point me to one teensy weensy example of GM, Ford, or Chrysler buying back a product that proved defective after 13 years...
Give me an example of a defect that could easily cause injury if not death. That also cost more than the vehicle is worth to fix.
That really what it is here. Toyota ran the numbers and found that it would cost them more in settlements than it would to go and buy these trucks back. Think of it a 1 million dollar pay out would cover buying back 90 to 100 trucks. You have to figure at least one of those would be an injury or death with as bad as some of those frame pictures looks.
Wasn't there an issue not too long ago where some GM vehicles had an issue of oil running down onto the exhaust upon hard braking that could cause an engine fire? That seems pretty major to me...
Ahh yes, found an article about it:
http://www.autoblog.com/2008/03/13/recall-watch-207-542-pontiacs-and-buicks-recalled-due-to-engine/
At least they recalled that issue, and it seems like it would be pretty hard to make that happen, but still an issue never-the-less.
There was also another issue of Fords catching fire because of a faulty cruise control system:
http://www.consumeraffairs.com/news04/2008/04/ford_fires5.html
Granted, those aren't extremely expensive fixes if caught in time.