Toyota Recall: 11,000 Scion iQs Being Recalled For Faulty Passenger Sensors

The newest Toyota recall isn’t from the parent company , but rather involving their Scion division’s city car (and Smart Fortwo competitor) iQ, for what appears to be faulty Occupant Classification System (OCS) weight sensor cables. This works in conjunction with the new(er) generation “smart” airbag system. Basically, the OCS monitors things like airbag deployment,…

How the Limitations in Transporting Crude Oil in America Affects the Daily Spot and Closing WTI Crude Oil Prices

The benchmark for crude oil prices for the United States is based on using a light sweet grade formally known as the West Texas Intermediate (WTI, or also informally known as Texas light sweet). Moreover, one of the major factors that contributes to determining the daily spot (a single sales transaction of an unit of…

Rising Up: Worker’s Strike in South Africa Forces Toyota to Suspend Production of the Toyota Fortuner and Others

Thanks to the brave workers at a Toyota SA (South African) supplier  taking a stand against the Toyota Motor Corporation, their hand was forced into suspending production. As this shutdown continues on, Toyota estimates that it will lose about 700 vehicles for everyday that the plant and its workers are idled. Of those, approximately half…

Toyota Dealers: We Prefer Hybrids over Electric Vehicles!

In a rather surprising stance against electric vehicles, a poll recently indicated that most Toyota dealers (85% to be exact) agreed with Toyota’s decision to pull the plug on the all-electric Scion iQ, just a week before its debut at the Paris Auto Show. Toyota’s reasoning for this was that electric cars “do not meet society’s needs”. Now,…