toyota mat recall

LaHood Makes Things Even Worse for Toyota

Though the Transportation chief quickly backed down from his initial advice that owners of recalled cars "stop driving" them, Toyota can only chalk this up as one more disaster. Still, it's scrambling to get cars fixed and will have plenty of explaining to do when it reports earnings this week.

Toyota Announces Its Gas-Pedal Plan

Toyota said Monday that it has begun shipping parts to its dealers to fix 2.3 million recalled cars with "sticky" accelerators and that it will begin sending letters to owners of the affected vehicles later this week. Many dealers will stay open extended hours, some around the clock, to repair the cars.

Toyota Dealers Have That Lonely, Sinking Feeling

The recalls could cost the company tens of millions of dollars, but what about it dealers? Some estimates put their loss as high as $2.5 billion a month. That's a lotta Tundras-full of cash. If the recall and production shutdown drag on for months, it's possible that some dealers may have to close.