According to top execs, Toyota has repaired about 1.7 million vehicles under its two recall programs and expects sales for March to be 35% higher than the same period last year. Jim Lentz had also mentioned that the company welcomes the moves taken by the Obama administration to probe the vehicles’ electronic systems, as the Toyota investigation has a largely mechanical focus.
“We have 40 million cars with electronic throttle controls, and not one case of failure of ETCs that has resulted in unintended acceleration,” Lentz told an auto dealer forum sponsored by the National Automobile Dealers Association and IHS Global Insight. Lentz had also pointed out that most of the recalled models that received repairs were covered by the sticking pedal recall, and that the floor mat recall will take longer to address.
Toyota has a barrage of incentives out there, having caused Honda to follow suit. Some speculate that Toyota could outsell all other automakers in the U.S. this month.
– By: Stephen Calogera
Source: Free Press