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General Motors Company Message Board

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  • iffydog iffydog Nov 7, 2012 8:31 AM Flag

    Get your GM shorts


    I shorted 5 stock big time. Will watch the cash roll in!!!!!! Always short the worst stocks and you cant lose!!!!!!!

    Sentiment: Strong Sell

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    • More Problems for Toyota

      Toyota was aware of defects in its power-window switches as early as 2008. The company management may have been weary of additional recalls after its expensive accelerator pad recalls in 2010. Did Toyota management delay action over power-window switches to save face? Expect recall scandals to help fill the void in news coverage after the election since the media has not run with this yet.

      Between 2009 and 2010 there were 7.43 million Toyota vehicles recalled for acceleration defects around the world. In addition to the cost of a recall, Toyota paid $16.4 million as penalty for not reporting some of the flaws in its vehicle's accelerator pads. The recall was a huge cost for the firm even though it was the right thing to do.

      Sentiment: Strong Buy

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