February 15, 2010 | Mark Paradies

Monday Accident & Lessons Learned: Toyota Lawsuits

It was just a matter of time before the flood of Toytota lawsuits started. Here’s an article about two of them…

http://www.benzinga.com/markets/company-news/125905/toyota-tm-sued-over-fatal-accidents

Whenever accident get this much press, you know that lawsuits will follow. That’s a “lesson learned” that shouldn’t be forgotten. If Toyota had found the root causes of these accidents and fixed them two years ago, they wouldn’t be facing these serious lawsuits.

One more thing. How serious are these lawsuits? I saw one blog posting saying that he wouldn’t be surprised if Toyota declared bankruptcy because of the lawsuits. I don’t think that’s possible … how many suits would it take to make Toyota go bankrupt? But the fact that somebody might suggest it makes one think twice about what the final cost of this quality/safety issue will be.

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