Filed under: Recalls, Safety, Toyota, Earnings/Financials
Toyota may be experiencing some major recall pain right now, but that isn't stopping the Japanese automaker from taking care of its dealers at a time when the company needs them more than ever. USA Today reports that Toyota will give dealers $7,500 to $75,000 for staying open extended hours in an effort to repair as many vehicles as fast as possible. Dealers who sold fewer than 500 cars will get $7,500, while dealers who sold more than 4,000 will get $75,000.The extra money comes in addition to the costs associated with each repair.
While Toyota may be getting hit hard with a series of costly recalls that could cost as much as $2 billion this quarter alone, dealers and dealership employees figure to experience a short-term boon. The extra money coming from the service area will be needed, too, as new vehicle sales at dealerships are undoubtedly low given the fact that dealers cannot sell eight of the automaker's most popular vehicles, including the Toyota Camry and Corolla.
[Source: USA Today]
Report: Toyota dealers to receive up to $75,000 for extra hours due to recall originally appeared on Autoblog on Thu, 04 Feb 2010 13:57:00 EST. Please see our terms for use of feeds.
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04-02-2010, 10:10 PM
