Marchionne: Sh ... I Didn't Mean It
Fiat CEO Sergio Marchionne stepped into a minefield by calling the high-interest bailout loans provided by the U.S. and Canadian governments in 2009 “shyster loans.” Some called him an ingrate, others branded him a racist. Yesterday, Marchionne apologized.
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Toyota Boss Bows To Beijing

„Itai!“ Or rather, „tong!“ Ouch, that hurts: Toyota boss Akio Toyoda bowed deeply to 300 reporters assembled in Beijing, and to 1.3b Chinese who could watch the drama live on national TV. Four times in one hour, Toyota’s chief “apologized to customers in China for the company’s quality problems and emphasized the significance of the nation’s fast-growing market to his company,” as Shanghai Daily has it. There must be nothing more painful for an upstanding Japanese captain of industry than to bow deeply in front of the Chinese. But as they say in China: „bú tòng bù qiáng.” No pain, no gain. Even more astonishing:

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Toyota CEO Apologizes. Or Not

When a Japanese company NFSWs up in a big way, it is customary that the CEO says “honto ni moshiwake arimasen” (“I am deeply, seriously sorry”) in front of running cameras, takes a very deep bow and exits stage left, not to be seen or heard of anymore while someone else takes his job . That’s just the way Nipponese crisis management works.

Not so at Toyota.

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  • Jeff I doubt most people care. Care more about their vehicles but after being a loyal gm customer for almost 50 years and having family members all the way back to my grandparents I no longer care. The last gm vehicle I owned was 2 years ago. To me gm can go into the dustbin of history.
  • Cprescott I'm surprised they didn't move to China. That is who bankrolled their bankruptcy bailout plan.
  • Analoggrotto You ask as if I should care. Well I don't. Any more questions?
  • Analoggrotto What the heck are those people doing in front of that house? Just staring at this stupid pos truck?
  • Jeff Good review but the XLT although not a luxury interior is still a nice place to be. The seats are comfortable and there is plenty of headroom. The main downside is the limited availability resulting in dealer markups above MSRP. I have a 2022 hybrid Maverick XLT for over 2 years and it has more than met my expectations. I believe for many who do not need a truck most of the time but want one the Maverick will meet most of their needs.