A final installment:
The possible negative effects on consumers and investors not only
stretches from North America to Asia, but to Europe as well. There are
possible further recalls in France, and subsidiary effects extending to
the Czech Republic. At this point it is safe to say that this is as much
or more an issue for the CTS Corporation as it is for Toyota.
In France, Reuters reports that
Renault has this to say:
"PARIS, Feb 1 (Reuters) - Renault does not share common parts
with Toyota, the world no. 1 automaker fighting to salvage its
reputation after a massive safety recall, a spokeswoman for the
French carmaker said on Monday.
"'Renault vehicles use neither the same pedals, nor the same parts as
those of Toyota,' the spokeswoman said in a statement."
However, Peugeot and Citroen may not be so lucky:
"Peugeot and Citroen have models that are potentially the same car
as the Toyota Aygo which is among eight of the brand’s models being
recalled over potentially faulty accelerator pedals.
"The Aygo, 107 and C1 models have been developed by the French and
Japanese car firms and are built on the same production line at a plant
in the Czech Republic as part of a joint venture.
"A total of 1.8 million Toyotas in Europe are expected to be involved in
one of the largest recalls in recent years.
"However, while the Aygo uses an electronically-controlled accelerator
pedal that is at the centre of the recall issue, the French brands only
used this pedal in models fitted with stability control systems (ESP) or
automatic gearboxes."
Full story in the
Irish Times