Tue Oct 16, 3:57 PM ET
DETROIT (Reuters) – Consumer Reports said on Tuesday it was reversing a practice of recommending all new Toyota cars and trucks after two models earned below-average rankings in a closely watched reliability study.
The reversal was the latest setback for Toyota Motor Corp. (7203.T) after a period of fast growth in the United States that has made it the No. 2 player in the world’s largest auto market.
Toyota’s U.S. sales slipped 1 percent in September for the third consecutive month of declining results. Meanwhile, high-ranking executives have defected recently to U.S. automakers and environmental groups have criticized Toyota for resisting stringent increases in fleetwide fuel economy.
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Source:
Reuters
By Kevin Krolicki and Jui Chakravorty
I’m just glad to see ford making a come back and hope that Toyota sales continue to slip.