Quote:
Originally Posted by GregWeld
This is what I think is good for Investing 102 --- Watching how these things play out - and how you think about them.
GM (GM) had the "ignition switch" debacle... Toyota (TM) had the "runaway throttle"...
GM is DOWN 13.9% on their 5 year chart (yet they pay 4.88% dividend) and TM is UP 63% for the same period (they pay 2.75%).... WOW!! I'd have never thought there was that much spread.
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Toyota paid out $200+ Million to settle it's issue, and there was never really a proven documented case of unintended acceleration. An even bigger problem is the 85 lawyers who filed the class action lawsuit got $227 million. The plaintiffs who those lawyers filed the suit for? Yep, they collectively got $395,270. Couple years and it was all over with.
GM tried to cover up their issue for more than 10 years and during that time marketed their cars as "safe". It's costing them at least $900M.
And, I still hate Prius-es!