
A massive global recall, mounting legal bills and a battered reputation add up to a very expensive problem for Toyota. It estimated that the worldwide recall, now involving 8.5 million cars could cost up to $2 billion. Existing Toyota owners who buy another vehicle from the company will receive two years of free maintenance. The automaker also is offering zero-percent financing and low-priced leases to customers who buy or lease several of the recalled vehicles, including Corollas, Camrys and Avalons. Since the fall, Toyota has recalled more than 6 million vehicles in the United States because of acceleration problems and braking flaws. Regulators have linked 52 deaths to crashes allegedly caused by accelerator problems. At least 89 class-action lawsuits have been filed against the Japanese automaker, which could cost the company $3 billion or more. Toyota is now addressing the problems and fixing what can be done.
http://seattletimes.nwsource.com/html/businesstechnology/2011355887_apasjapantoyota.html
