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Shareholders Concerned About Toyota Anti-Electric Car Lobbying
Happy Earth Week!
If you look at the financial planning and long term investments Toyota has made it makes sense that they will only maximise profitability if they sustain the fossil fuel-hybrid electric transition market as long as possible.
But when it comes to basic social responsibility and a fast approaching new era of electrification Toyota is not aging well and their shareholders are starting to measure an increase in risk / cracks in Toyota's long term plan. As per this article posted today:
Toyota is feeling some pressure to change this strategy from large funds, which are investors in the company. Jens Munch Holst, chief executive officer of Danish pension fund AkademikerPension, one of the funds backing the effort, said: “This move must not be a PR exercise but instead signal a clear end to its role in negative climate lobbying which has given it a laggard status. ....Right up until now, the company has repeatedly undermined climate action, from opposing the... -
Dealerships & OEM Catalytic Converter Shortages
It was a difficult day... Turns out a Toyota dealership in Seattle is addressing the supply shortage of cats by welding up their own (or so they claim) with non OEM cats and the wrong resonator!
"A resonators’ sole purpose in life is to change a vehicle’s engine noise before it reaches the muffler for a final decibel reduction." source: What Is A Resonator and Why Should You Care? | The Drive
Below one image shows an invoice that indicates they welded their own pipe. Two others images indicate they're using non-OEM Toyota cats that are not allowed to be used in some CARB states.
Guess desperate times call for desperate measures, but look at the photo below of the exhaust pipe between muffler and resonator, it's more than an inch lower than anything else! Also it lost it's rear right underbelly panel during this repair.
But maddening part is a resonator is all...
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