Thursday, February 25, 2010

Chapter 3

http://www.businessweek.com/autos/autobeat/archives/2010/01/toyota_suspends.html

Summary:
Due to accelerator pedal malfunctions, Toyota is not only calling back approximately 2.3 million vehicles with potential problems, but suspending sales of certain models until engineers workout a solution to the problem. Due to minor and fatal accidents that have already happened, Toyota may have to extend their call back to Europe and Asia, which will worsen the situation that they are in. It is crucial to remain a quality leader in the automotive industry, as today's consumers main concerns are the fuel mileage and the safety rating, it will be difficult for the Japanese leader to rebuild their image once again.

Connection:
In chapter 3, we learned about steps of the accounting

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