Wednesday, February 24, 2010

Is this the beginning of the end for Toyota?

Toyota could survive the worst economic recession of our time. But it seems that it will be very difficult to company for survive the current problem. Well, the current problem is mainly created by the company itself. Toyota was always famous for its quality and now it seems that it has lost its that good reputation. When you are driving in a car then safety is perhaps the most important thing you look for. No matter how much a car is attractive and beautiful or even prestigious if it is not save then you don’t want to buy it.
Toyota officials have apologized in Japan. Now, they have to face the US law makers and they will perhaps go through another round of apology. However, there is no doubt that the image of the company has taken serious beating. It will perhaps take many years for Toyota to get back its good image.
There is a very important lesson to be learnt by other top companies in any industry from the downfall of Toyota. No matter how much big you become or profitable, you should always look at the quality and try to give the best service to your customer.