If Toyota has such problems, one shudders to imagine what others are sitting on...

One of the best car makers in a generation is under seize. Talk to anybody today and they will swear by the gold standard that Toyota has maintained on Quality. As a family we have used Toyotas for decades. Impeccable quality. Cars that seemingly can run for ever. Best in class. Yet they suddenly seem to have so many problems.

Couple of things attract attention. First, why is the Government so intricately involved in this investigation. Is the GM stake coming into play here. Typically such a thing is addressed by the legal system (Class action suits)/ free market economy (dropped sales) etc. Yet in this case the Fed investigation happened first.

Secondly, If the situation is so bad why is the consumer still flocking to buy the product. The other day I heard on the radio that the Toyota dealerships are experiencing increased activity as there seems to be a lot of bargain hunters. I am not surprised. The consumer knows they still are the best cars.

Personally I think this is an opening of the Pandora's box for the Car industry. Imagine if Toyota has such problems what the other car companies are sitting on. Imagine if the Governments across the world get involved in investigations. The American car companies are heavily dependent in Asia and other growing economies. Could they face similar stuff? One shudders..