Ford, Hyundai Will Gain From Toyota’s Missteps

Posted by Gabriella Stern on January 27, 2010
Auto Industry, Japan

The fiasco at Toyota creates an unprecedented opening for Ford and Hyundai. As Toyota’s brand grows more tarnished, American buyers will look for foreign- and domestic-made alternatives, and this will give a boost to these two auto makers, whose reputations for quality and reliability – as well as attractiveness – have been on the rise. Think about it: If you’ve been buying cars for a few decades – for yourself, for your teen or college-age kids, – you’ve tended to think about Toyota. The Japanese company made good-looking, high-quality vehicles that were so compelling they basically wiped out the competition. In the 1990s, when I advised my elderly parents to replace an aging Volkswagen Jetta, I told them there was only one car they should consider: the ultra-safe and reliable Camry. They bought one and my Mom, now widowed, still counts on it to trundle her around town. Were she in the market for a new car today, I’d have two words for her: Ford and Hyundai. It’s a sign of these fast-changing times that a Korean auto maker and a once-floundering American offer a more-attractive vehicle line-up than the Japanese behemoth. The toll on Toyota will be long-lasting.Have a look at what colleague Liam Denning has written on this topic for Heard on the Street.

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1 Comment to Ford, Hyundai Will Gain From Toyota’s Missteps

F Pait
January 27, 2010

So that’s how your folks ended up with that junkyard cruiser! Although I hear that those brands have some appeal to people over a certain age.

Seriously, the car manufacturers do not attract the best creative minds. As a consequence – or maybe it’s the cause – there has been no significant innovation in 40 years, except for the electronics cars have not changed. The business does attract the marketing types, but they do more harm than good.

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