The problems seem to be piling up for the world’s largest automaker. Toyota Motor Corporation (TM) announced today that it has issued a global recall of around 6.4 million vehicles for a range of defects including faulty steering columns and issues with air-bag deployment.
Rick Newman submits:With all the hype surrounding Toyota's (TM) quality problems, you'd think a recall notice in your mailbox is the equivalent of a pink slip or IRS audit. Hardly. Toyota is certainly reeling from recalls of nearly 5 million U.S. cars, including top sellers like the Camry, Corolla, RAV4, and Prius. But recalls are a fact of life in the auto business, usually generating little news or heartache for car owners.
CHANDIGARH: Sony India Managing Director Kenichiro Hibi is in Chandigarh for three days to understand the festive mood. This is Mr Hibi's second visit to Chandigarh region in past six months. With region having high disposable income, Chandigarh and Punjab are becoming an attractive destination for brands across the spectrum. In an exclusive interaction with The Economic Times, Mr Hibi shared his company plans and reasons that makes Punjab a lucrative market for Sony India. Company is targeting a 20 percent year of year growth and is bullish in Punjab.
It’s against the law to sell any product that has been officially recalled by the U.S. Consumer Product Safety Commission, but back in 2014 Best Buy and its closeout stores were found selling electronics and furniture after they had been recalled. The retailer then allegedly continued selling additional recalled items well into 2015.
Sony Corp (ADR) (NYSE:SNE) announced its PlayStation Now service earlier this year at the 2014 Consumer Electronics Show (CES), and the game-streaming service has since been available across US and Canada.