The thing with business is it really is a dog-eat-dog world. Falter and your competitors would be more than happy to kick you while you’re down. Toyota might be the biggest automaker today after GM went bust but it might not be able to hold on to the title for long. Especially with mighty Volkswagen eating away at the lead and, of course, in the light of one of the biggest recalls in history. An accelerator problem prompted Toyota to recall millions of vehicles worldwide. The company even halted US sales of select models until its engineers figure out a permanent solution to the problem. Ready to pick on the wounded giant are

GM , Ford , Chrysler and Hyundai who are offering Toyota customers incetives on trade-ins. Chrysler is offering $1,000 bonus for Tundra, Tacoma, and Sienna owners who’d want to get any new Chrysler, Jeep, Dodge or Ram. A similar $1,000 offer is made by Hyundai for any new takers of a Sonata, Elanta, and Elantra Touring. Call it honor, but Toyota’s biggest Japanese rival Honda which has been permanently trying to pip Toyota’s model range, takes the high road in not trying to steal Toyota’s customers in such a manner. Read the original here: Companies Capitalize on Toyota Recall

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Companies Capitalize on Toyota Recall