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February 8, 2014
At bell point asset management. there is an utter lack of evidence that car suffers from mechanical or electronic defect and yet toyota might belly up to the table a billion bucks. >> thats what you do when youre a corporation. you get out the checkbook. it sounds like a lot of money, cost of doing business. look at jpmorgan over the last year. 25 billion to get off with a billion dollars fine or a settlement. >> but you remember all of these cases, people claiming, oh, my car went sailing down ...
November 20, 2013
I said to them, look, guys, why am i always the guy on the side of the road. tesla ceo responded to clooney said in other news george clooney reports that his iphone 1 had a big back in 2007. thats little different than a car blowing up. the company is changing its warranty to cover damage done to fire even if due to driver error. according to e ilan musk, either our belief in the safety of the car is correct and this is is a minor cost or we are wrong in which case the right thing is for tesla ...
October 11, 2013
To win the all around title at world and were talking about racist comments. >> her mother said it best, she said that you know what, be proud of your performance and maybe well be lucky enough to see simone on the wheaties boxes. >> exactly. >> thank you very much for your time. a jury cleared toyota in a 2009 deadly accident caused by a camrys apparent sudden a. acceleration, a jury in l.a. says toyota is not liable for the death of a 66-year-old driver who accelerated after she was struck b...
September 5, 2013
The first are expected to roll off assembly lines between 2016 and 2018. >> very cool. telling you. be scared to death. let the car drive for me. >> i am not a crazy driver. there are times when youre stuck in traffic when you are see an opening. quick, got to go. if you dont have ability. plus going the speed limit, which i always do. >> yeah, right. >> makes it difficult to make up time on the road. just a little bit of time, a minute or two. >> listen to this, driveless, was to eliminate acci...
August 9, 2013
Hundreds of claims of sudden acceleration on generation 6 camry which she was driving, dating back nearly a decade. heres the womans son. >> asked strange questions about my moms car. they ultimately told me that, im sorry, your mom has been involved in a serious car accident. she didnt make it. looked like toyota knew there was something wrong with it. they just didnt say anything. >> install a break override system so that we dont have a repeat of these types of incidents. >> so you hear the a...
July 29, 2013
The sheer weight of the wreckage. amazingly, among the dozens deads, rescuers, emergency crews were able to pull some survivors out of the wreckage. five of them children, eight others were hurt along the wreckage of the cars on the hypershep. >> shepard: was this ace simple as the bus couldnt stop and set off the chane reaction? >> we dont know what happened but all indications are that the bus was simply going too fast. why was it going too fast? could have ban problem with the bus? a brake pr...
July 25, 2013
Was this simply driver error? at the same time experts say there are safety systems, beacons at track side which send signals to the cab if it is going too fast. those safety systems should override the driver if he ignores those signals and automatically break the brake the train. was eight catastrophic systems failure. >> shep: what do we know about those that hurt? >> something like hundred people injured as well as the 80 who died. we understand that dozens around those, 30-35 listed right n...
December 27, 2012
>> harris: toyota, announcing it will pay more than $1 billion to settle cases involving vehicles that accelerated out of control. toyota has recalled more than 14 million vehicles around the world because of gas and break pedal defects. the car maker blames everything from sticky pedals to bad floor mats for the problems. a u.s. government investigation found in most cases the problems were actually due to driver error. if a judge approves the settlement some of the 1.1 billion will go to the c...
December 27, 2012
Admits no wrongdoing and wants to anyplace in the bud any costly lawsuits. they are facing two other lawsuits a consumer fraud suit and ans lawsuit filed by 28 states. a u.s. investigation found that driver error was largely to blame for most of the acts for sticky gas pedals. the investigation also found floor mats got in the way. toyotas reputation really suffered back in 2009, 2010. it even led to congressional hearings. toyota u.s. sales were flat at that time but they rebounded nicely with ...
October 2, 2012
Collided last noot in hong kong. look at these pictures. 38 people were killed. 100 more went to the hospital. authorities say a boat chartered for watching fireworks hit a ferry off the southwestern coast. police arrested crew members from both boats. still they are investigating what caused that deadly accident. this morning, investigators are looking into an accident in california after a truck slammed into an amtrak train yesterday injuring at least 20 people. the collision knocked two dou...