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Eric Holder slams Toyota while announcing $1.2 billion settlement [Thugocracy]
Politico ^ | 3/19/14 | KEVIN ROBILLARD

Posted on 03/20/2014 5:19:26 AM PDT by SoFloFreeper

Toyota will pay a record settlement of more than $1.2 billion to resolve a federal investigation into its disclosure of deadly safety flaws that caused vehicles to suddenly accelerate, Attorney General Eric Holder announced Wednesday morning while laying out a blistering critique of the giant automaker’s actions. The settlement will allow Toyota to avoid criminal prosecution. The sudden acceleration problem, which was linked to faulty floor mats and accelerator pedals, resulted in the recall of more than 9 million cars worldwide and was tied to 37 deaths.

(Excerpt) Read more at politico.com ...


TOPICS: Business/Economy; Government; News/Current Events
KEYWORDS: cars
Holder targeted Toyota because it was successful. Period.
1 posted on 03/20/2014 5:19:26 AM PDT by SoFloFreeper
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To: SoFloFreeper

Toyota buyers will pay a premium to cover this extortion. Holder and Obama are hoping this will make GM products more attractive in relative terms. What they don’t understand is that Government Motors is being boycotted for ethical reasons, to a large extent by people who can’t be bought off for a hundred or so a vehicle. There is no such thing as a fine on business, just a fine on customers of a business.


2 posted on 03/20/2014 5:26:58 AM PDT by Pollster1 ("Shall not be infringed" is unambiguous.)
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To: SoFloFreeper

Holder want ALL CARS TO BE LESS SAFE!

That’s what the new “CAFE Standards” will do!

Jesse Jackson told Eric how easy it was to shake down Toyota.


3 posted on 03/20/2014 5:27:07 AM PDT by G Larry (There's the Beef!)
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To: SoFloFreeper

Toyota killed fewer people with defective cars than Holder killed with Fast and Furious.


4 posted on 03/20/2014 5:32:36 AM PDT by Brooklyn Attitude (Things are only going to get worse.)
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To: SoFloFreeper

I don’t believe Toyota is unionized either. Holder hates that too.


5 posted on 03/20/2014 5:33:41 AM PDT by caver (Obama: Home of the Whopper)
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To: SoFloFreeper

Holder is even more vile than Ø


6 posted on 03/20/2014 5:35:21 AM PDT by tomkat
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To: SoFloFreeper

Eat your heart out, Jesse Jackson! You only could shake down Coca Cola for a few million in your hey-day. Eric The Red Holder can shake down corporations for billions. He’s even better at blackmail than NY’s Attorney General. Businesses are their cash cows, because businesses will pay big bucks to Democrat campaigns to keep the Chicago thugocracy from going after them next.


7 posted on 03/20/2014 5:43:52 AM PDT by txrefugee
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To: Pollster1

Meanwhile, the investigation into GM ignition failures -estimated to have killed as many as 300 people - goes virtually unreported. GM knew about the defect, could have replaced the part for just a few dollars, but did no recall or announcement. Don’t expect to hear from Holder on that one!


8 posted on 03/20/2014 5:51:34 AM PDT by livius
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To: SoFloFreeper

Can anyone tell me the difference between holder shaking down companies and al Sharpton or jesse Jackson doing the same thing???
criminal thugs,


9 posted on 03/20/2014 5:52:42 AM PDT by Joe Boucher ((FUBO) obammy lied and lied and lied)
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To: SoFloFreeper
Toyota sold 9.98 million units worldwide last year, so that's $120.24/car.

($120.24 removed from your wallet that's easily returned to your wallet, with interest, when the time comes to sell or trade a Toyota, versus anything touched by the UAW.)

10 posted on 03/20/2014 5:55:04 AM PDT by Sooth2222 ("Suppose you were an idiot. And suppose you were a member of congress. But I repeat myself." M.Twain)
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To: SoFloFreeper

Toyotas are American made by non-union employees - nuf said!


11 posted on 03/20/2014 6:00:21 AM PDT by elpadre (AfganistaMr Obama said the goal was to "disrupt, dismantle and defeat al-hereQaeda" and its allies.)
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To: SoFloFreeper

Well, then, GM must be shaking in its boots after the latest ignition flaw which they kept secret for a decade after they realized it. /S

Not really—too many union stakeholders would be hurt if the government came down on GM.


12 posted on 03/20/2014 6:07:07 AM PDT by Pearls Before Swine
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To: Pearls Before Swine

Holder is tougher on our friends than Obama is on enemies but unlike Toyota , Putin and other rogue leaders mock Obama and he has to take it.


13 posted on 03/20/2014 6:11:41 AM PDT by scooby321
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To: livius

At least some of the Toyota failures were faked for money, although there were a total of 31 accidents and 12 deaths possibly linked to the failure. All of the GM failures were real, leading to more deaths than Toyota, and they may not all have been identified. The difference is connections. America has turned into Animal Farm, where “Some animals are more equal than others.”


14 posted on 03/20/2014 6:26:44 AM PDT by Pollster1 ("Shall not be infringed" is unambiguous.)
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To: SoFloFreeper

I didn’t read the article here, because it’s Politico, but IIRC Toyota was exonerated on the acceleration issue a couple of years ago. I seem to remember it was operator oafishness.

Wonder when they’re going to shake down GM.

cheers
Jim


15 posted on 03/20/2014 6:26:56 AM PDT by gymbeau (Tagline under consideration)
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To: Joe Boucher; MinuteGal

“Can anyone tell me the difference between holder shaking down companies and al Sharpton or jesse Jackson doing the same thing???
criminal thugs,”

These shakedowns of major American companies, financia institutions and major banks are how Obama and his thug regime are financing their failed Obamacare plan. As they will not be able to generate enough money from the peons to allow their health plan to succeed, they are strong arming businesses via exorbitant fines to be able to float Obamacare through its failed attempts to get off the ground. All Obama needs to do is keep Obamacare financed through his last 3 years in office, and then he is outta there and the rest of us will be left holding the bag.


16 posted on 03/20/2014 6:40:47 AM PDT by flaglady47 (Oppressors can tyranize only w/a standing army-enslaved press-disarmed populace)
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To: Joe Boucher; MinuteGal

“Can anyone tell me the difference between holder shaking down companies and al Sharpton or jesse Jackson doing the same thing???
criminal thugs,”

These shakedowns of major American companies, financia institutions and major banks are how Obama and his thug regime are financing their failed Obamacare plan. As they will not be able to generate enough money from the peons to allow their health plan to succeed, they are strong arming businesses via exorbitant fines to be able to float Obamacare through its failed attempts to get off the ground. All Obama needs to do is keep Obamacare financed through his last 3 years in office, and then he is outta there and the rest of us will be left holding the bag.


17 posted on 03/20/2014 6:41:14 AM PDT by flaglady47 (Oppressors can tyranize only w/a standing army-enslaved press-disarmed populace)
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To: flaglady47

financia = financial above. Typo.


18 posted on 03/20/2014 6:43:48 AM PDT by flaglady47 (Oppressors can tyranize only w/a standing army-enslaved press-disarmed populace)
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To: elpadre

My Toyota was made in Japan. It depends upon which model you purchase.


19 posted on 03/20/2014 6:49:37 AM PDT by glock rocks (If you like your health plan, you're a racist !)
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To: gymbeau

It’s not just the fine, either. There were three seperate (done at different times) recalls on my Toy. One to replace the accelerator pedal, one to replace the driver side floormat, and one last month to reprogram the computer to prevent acceleration (it’s fly by wire) if the brakes are applied.

I’d wager the recalls cost them big yen!


20 posted on 03/20/2014 7:00:50 AM PDT by glock rocks (If you like your health plan, you're a racist !)
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To: SoFloFreeper

This sounds on the surface like a big deal, but 1/3 of current year’s profits is not such a big deal. It’s a temporary setback at best that will not have much of an impact on Toyota at all. One only has to look at the big picture to see. Look at the stock market. Investors see stock values in their individual investments fluctuating by 1/3 from their peaks all the time, especially in the hot traded volatile stocks. So as a publicity stunt to make Holder look like he’s accomplishing something for the consumer, it makes great press. In actuality, it’s a lot of smoke and mirrors that means little.


21 posted on 03/20/2014 7:03:27 AM PDT by Real Cynic No More (Border Fence Obamacare!)
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To: txrefugee
A few years back Jesse Jackson raised a big stink when Toyota had a commercial which included a set of teeth with the Toyota logo in gold on them. That was racist because black people are more likely to have gold-plated teeth, apparently. (I don't think the skin color of the person attached to the teeth could be determined from the ad.)

Toyota agreed to an $8 billion payoff. Some of it went to Jesse Jackson--I'm not sure how much, or whether he continues to get money each year from that settlement.

I have a Toyota which I bought before all that. It has made me very reluctant to consider buying another Toyota--I don't want to put money in Jesse Jackson's pocket.

22 posted on 03/20/2014 7:11:19 AM PDT by Verginius Rufus
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To: glock rocks

No kidding!
I don’t drive a Toyota any more but have had several and love them. Heck, my 1983 Supra was still running well when I sold it in 2003.
I now review cars and am fascinated to find Toyota really starting to make interesting cars again, ones that are nice to drive instead of just boring bulletproof appliances. The new Corolla is very nice, even with a damn CVT, and I was impressed by the Avalon recently, too.

OTOH, Lexus is going the other direction. IMNHO.

I’d have bought a Toyota last time (fall 2012) but they didn’t really make anything I wanted to own except the Venza, which was too new for my used car budget. And since no other Japanese company really turns my crank (Honda excepted, possibly) I bought my first German car. I’ve fallen under Audi’s spell and bought a 2005 A4 Avant, V6, six speed manual, lowered suspension. I love it!

Probably won’t be as reliable as a Toyota, but so far so good. Fortunately, my work means I don’t put a lot of miles on it so it should last just fine. It better!

cheers
Jim


23 posted on 03/20/2014 7:40:26 AM PDT by gymbeau (Tagline under consideration)
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To: SoFloFreeper

Where is the money going? Is this another scheme to funnel money to a bunch of liberal groups?


24 posted on 03/20/2014 9:02:10 AM PDT by aimhigh (John 14:21)
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To: glock rocks

There are several US plants - the one I know of is in Frankfort, KY - and it is huge - been there for many years.


25 posted on 03/20/2014 9:47:12 AM PDT by elpadre (AfganistaMr Obama said the goal was to "disrupt, dismantle and defeat al-hereQaeda" and its allies.)
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To: SoFloFreeper

Funny how all of Toyota’s “problems” started when O-Motors kicked in....weird ain’t it?


26 posted on 03/20/2014 9:49:04 AM PDT by DouglasKC
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To: SoFloFreeper

Agree, but also wonder what the amount of the bribe was that Toyota refused to pay holder that prompted this vindictiveness?


27 posted on 03/20/2014 10:46:37 AM PDT by DPMD
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To: SoFloFreeper
Holder targeted Toyota because it was successful. Period.
and of course; their prime competitor...
w/ (GM) Government Motors

28 posted on 03/20/2014 10:50:47 AM PDT by skinkinthegrass (The end move in politics is always to pick up a gun..0'Caligula / 0'Reid / 0'Pelosi)
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To: SoFloFreeper
You may want to look at the NHTSA report. Toyota knew about the problem and like Ford with the Pinto put it under warps until they lost a lawsuit in Oklahoma. I hate Holder as much as anyone else. The problem will be he probably will not go after GM for its problems.
Corporations screw up and try to hide it all the time. Been there, seen that. When people die because of their screw ups they need to get hit. Sorry but your justifiable scorn of Holder has blinded you to something that needed doing no matter who ran DOJ.
BTW I was the guy who had to break the news to corporations that they had indeed screwed the pooch and it was time to pay up.
29 posted on 03/20/2014 11:05:49 AM PDT by prof.h.mandingo (Buck v. Bell (1927) An idea whose time has come (for extreme liberalism))
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To: gymbeau

Toyota WAS exonerated.
This is nothing but a shakedown.
GM is safe for now.
They are a federal agency.


30 posted on 03/20/2014 12:36:10 PM PDT by Texas resident (The democrat party is now the CPUSA)
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