Posted on 02/24/2010 12:38:07 PM PST by Kieri
(WXYZ) - The FBI is confirming raids at the offices of three Michigan auto suppliers who do work for Toyota.
Search warrants were served Tuesday evening at Yazaki North America, DENSO International and Tokai Rika. Yazaki sells electronic components and DENSO makes accelerator pedals.
Denso has released the following statement about the situation "DENSO International America, Inc. (DIAM), U.S. subsidiary of DENSO Corporation, was inspected on February 23, 2010 by the U.S. Federal Bureau of Investigation and the U.S. Department of Justice in regard to U.S. antitrust laws. DIAM is cooperating with this investigation."
Stay with Action News and WXYZ.com for the latest on this breaking news.
The only one trying to destroy competition around here is Bambi himself.
Toyota buys its parts from companies that make them expressly for it (and in fact, one of its problems lately may have been that a few years ago it started to outsource them to other companies). This might be considered a vertical monopoly, although it has no effect on the competitors of the company itself.
The purpose of Obama is to destroy business and make sure the government is the only monopoly in town.
You don’t give a damn about shit, Chad. ‘Truth’? Yeah right.
“
The FBI didn’t raid anyone when Corvairs were rolling over.
“
The FBI didn’t raid GM (now Government Motors) when they perpetrated
a fraud on their customers with the “You only need to change Dexcool
coolant after 150,000 miles!!!”.
They left out that the lower manifold gasket started failing in
the Dexcool-ed engines at anywhere from 40K on up. WELL BELOW 150K miles.
And then had the classless b-lls to tell GM owners that “You really
need to have that lower manifold gasket replaced for $1,000”,
but didn’t tell you that GM engineers/management SCREWED THE POOCH.
When my dear old mother was hit with this sock to the gut, I investigated
and found out this was well-known and the subject of a class-action
suit in (of all places) Canada.
After we passed a few articles from the internet about GM’s
MENDACITY (that a near-curse word for “LIAR” amongst Southerners
here in the USA), the nice lady that demanded $1000 backed down to $700.
In retrospect, I should have told Ma to park her car on the Chevy dealers
lot with a “Free car that will melt down after the “good for 150,000 miles”
Dexcool in the radiator fries a manifold gasket and the motor melts”.
Well, my mom is just an average patriotic American that survived
WWII and all that followed up till now.
Where was the FBI when she needed them to investigates the liars,
cheaters and THIEVES that are GM?
yea and the Govt which holds most of GM has never done anything like that have they.
well screw them I will not buy anything to do with GM anymore
you just signed up to say that did you?
With all due respect........don’t be so naive.
that is exactly what is happening. My wife and I are seizing the moment and looking for a Toyota cheap. We will move the drivers side carpet back and drive the damned thing cheap!! I hate Government motors and will never buy one (no one is) and I love Toyota!!!
With no profits there are no taxes, and without serious government subsidies, GM is going to go down again!
Hopefully no Muslims were involved or there will be hell to pay!
Did CAIR give the FBI authorization for the raid?
OR is this a strrictly a JBT raid on Osama’s enemies ( i.e. America’s friends )?
this is going to backfire on GM as most I know are now saying they were looking at either a ford, chevy or toyota and now they are saying toyota is the one for them.
I know I will be now buying a toyota avalon and not anything to do with GM, screw them and their union goons
Yet again GM shows they hate comp
As it turns out I am over weight.........Incidentally I am waaaayyyy more far right of you most likely. I despise Big government, I believe in God and won’t vote “dem” out of principle and morality if nothing else.
I also have seen the crap Toyota has dished for years and they are right where they belong. Don’t kid yourself into thinking they weren’t government protected at a time. You don’t get that big here in the USA without. You know it, I know it and your rhetoric here today proves it. Nothing happens without government clearance unfortunately.
Fortunately the Hammer finally came down on Toyota. For the record I’m well liked for my honesty, integrity and insight. I’m also not often considered an ass anymore, though I genuinely acknowledge I can be. So does my wife incidentally……LOL
Chad
I noticed the trolling too.
comes right on here today sticking up for GM and putting down Toyota.
maybe darkwing etc might be interested in this thread.
spat my drink out over the desk
LOL
If you are worried you can always install an ignition power cut-off switch. That’s just a hidden, but convenient switch to the driver that turns off power to the ignition.
Here’s an example. http://www.kitcarmag.com/howto/cutoff_switch_install/index.html
All I know is if I’m Honda, I’m getting very nervous.
I do not revel in their mess, I know people in the culture who need their jobs as well. but as the guys from Inland Fisher Guide told me what was under the dash and in the doors was not as robust as what they designed for GM. And their is the story I heard of hollowing out the little plastic interior panel fastener to save money, when is enough enough.
But as in a discussion with my auto gnome today this thing has even uglier legs..
From my gnome, a guy in (Jersey?) a year or two ago charged and sentenced on vehicular homicide in his Toyota and the jury thought he was smoking crack because his defense was the car accelerated on it's own. What and where does this go?
drop charges against black racists outside a polling booth
postpone charges against the mastermind of the USS Cole
stop raiding for immigrants
stop raiding ACORN
stop interrogating terrorists
but raid toyota and call for the owner to go infront of congress, I mean there is nothing else to do is there.
Meanwhile in other news Chrysler is doing a recall over a 300,000 vans.
what nothing
well right now you can, because they have been losing value for some time. Honda too actually.
Chad
I’m getting all kinds of Toyota and GM business. Honestly this has been great for Ford. No one wants to buy a “gov” owned enterprise and now they don’t want Toyota’s I couldn’t have scripted it better. I have traded for a 2009 camary Hybrid, a 2008 camary & a 2005 Avalon recently.
Chad
I am, however, having a 1948 chevy truck being restored as an investment--for immediate sale when complete. It has steadily gone up in value unlike the GM vehicles of just yesterday and today. Investment continued:
Investors of Stock in Toyota are still in the $70 dollar range. GM is below a $1. That's how investors and the street pairs the two financially. In good faith to perform.
Remember the over a million (1.5) recalls of GM vehicles last year? for ENGINE FIRES????..over years.
This is all self-serving megalomaniacal theater. This is all about the unions and the closing of the California plant. Payback time through the union's mouthpiece-the government placed themselves in a conflict of interest scenario.
Toyota will say what the Committee wants them to say. They will forgo the tears they have used in the past. I loved how the female employee in the US Toyota plant spoke out today on the Toyota workers!! Toyota could not say it, but she stood firm.
I don't own a Toyota.
The fraud science Gore and our government has brought down on taxpayers on continued climate/carbon scam scare tactics, continue to cost consumers, automakers & all industry dearly. Get out of jail free.
well actually yea. I get tired of the Toyota love. They’ve never been as good as the PR asnd now we are seeing the fall out. Falsified quality reports is huge..
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