how is this article related to buisness and finance……?
http://money.cnn.com/2010/03/02/news/economy/nissan_recalls/index.htm
I HAVE TO DO A CURRENT EVENT ARTICLE AND I AM NOT SURE HOW THE ARTICLE ABOVE IS REALTED TO BUISNESS?
Yes, that article is naturally business related. What’s going on is that Toyota didn’t properly test those brakes somehow. Resulting in a massive recall, potential lawsuits from the families of people that died as a result and huge losses of money to the company. Toyota had developed a reputation for manufacturing quality cars – but now that reputation has been badly tarnished, which will hurt their sales for years to come. The company is trying to put a positive ‘spin’ on the matter with all sorts of apologies and promises to correct the issue, but it’s too late. Kind of like closing the barn door after all the horses have run away.
Yes, that article is naturally business related. What’s going on is that Toyota didn’t properly test those brakes somehow. Resulting in a massive recall, potential lawsuits from the families of people that died as a result and huge losses of money to the company. Toyota had developed a reputation for manufacturing quality cars – but now that reputation has been badly tarnished, which will hurt their sales for years to come. The company is trying to put a positive ‘spin’ on the matter with all sorts of apologies and promises to correct the issue, but it’s too late. Kind of like closing the barn door after all the horses have run away.
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