Recent Blog Posts
-
Tesla Tests Crossover Market With Model X
Feb 10 20123:50 pm EDT -
Groupon Keeps 'Em Guessing
Feb 09 20128:27 am EDT -
When Business Takes a Same-Sex Marriage Vow
Feb 07 20127:16 pm EDT -
Klout Looks to Take Influence Local
Feb 07 20124:07 pm EDT -
Netflix Faces a Fresh Rival
Feb 06 20122:41 pm EDT -
LivingSocial Losses Shouldn’t Shock
Feb 02 20123:28 pm EDT -
Big Primping at Gilt City
Feb 02 201211:42 am EDT -
How About a Raise?
Jan 31 201211:09 am EDT -
Show Us Your (Wild, Bold, Extreme) Cards
Jan 30 20122:54 pm EDT -
Is Groupon a Daily Deal Bully?
Jan 30 201211:51 am EDT
Toyota Problems Pile Up
First there were rumors. Then Toyota admitted it. Its super-popular hybrid, the Prius, could have problems that could lead to a recall, at least in Japan.
The world’s largest automaker said Thursday its Prius—by far the best selling hybrid--had problems with its anti-lock braking system. The New York Times reports the company may have to issue a recall.
Even famed Prius fan and Apple co-founder Steve Wozniak is piling on, saying his Prius could have brake problems.
Japanese officials had commented on possible Prius brake problems Wednesday.
Toyota has already recalled some of the world’s most popular cars—like the Camry—for problems with sticky accelerators. Despite a quarterly profit, Toyota said Wednesday it expects a loss for the year based on the cost of the recalls and the negative effect on sales the hammering of its reputation has caused.
On Wednesday, U.S. Transportation Secretary Ray LaHood even briefly recommended that owners of Toyota models affected by the gas pedal problems stop driving them altogether. He later backtracked on those comments.
But you get the point: Not good times for Toyota or its dealers. It’s almost as if being the world’s biggest car maker is a curse. When General Motors held that spot for years and years, it was a regular target for Gremlins, safety issues, and quality complaints.
Maybe it’s better not to be No. 1.
Kent Bernhard Jr. is News Editor of Portfolio.com
Comments
If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.




