Tundra engine recall - interesting news

It's very clean under the hood lapoolboy, haven't found any issues yet but I'm less than 500 miles on it. I think they had about $19,500 in time on it and probably ate some time at that. I don't quite feel as good about it as if it were factory-installed, but the local tech did do a satisfactory job replacing it.
I can't get out of it now because I've already taken so much of the initial hit and have it back, but I would have loved to have moved on with my life months ago if I could have gotten a repurchase or replacement.

 

Glad to hear they did a good job.

 

Who did the work?

 

To clarify, was this a buyback offer or "we buy used cars" type of offer? My experience with the latter is dealerships routinely offer significantly less than the vehicle is worth in order to maintain used car profit margins when they re-sell it on their lot. I would suspect that if you sold your truck privately, you would be able to demand 10-12K above their offer. Case in point, I recently had a Toyota Dealership offer me 11K for my 2014 Sequoia with 170K on it. Before I agreed, I looked up what similar age and milage Sequoias were selling for and found them for anywhere from 15 - 20K at dealerships. I turned the dealership down.

 

Crown Toyota in Lawrence, KS. They had a master tech; service writer said he was probably their longest-tenured guy, and I think at times, they had him being assisted by a younger guy because I showed up twice over the week or two it was on the lift and didn't see him alone on it.

 

It was an offer from the GM in a "taking into consideration that the vehicle you bought from us broke down, and you'd buy a new car here, after you paid full price on several others from our dealership giving us home run dealership friendly deals for a decade and the dealership can't lose because we'll still get $20K from the service department" type of offer. I was hopeful of doing a trade-in with them on a new Tundra because of the sales tax advantage, but we were way too far apart for me to see the value in coming up with another $20K.

 

Yeah, I wouldn't take their offer as the actual value of your truck. They were giving you trade in at most so they could replace the engine then resell it at a profit. Get on Auto trader and look for trucks with your option package on it. That will give you a better estimate of the value of the truck.

 

Bingo. I've always sold privately, never traded my cars in. My last car was a 2013 Rav4 AWD LE with 100 K (km) on it. Dealership offered $13K. Sold it for $20K and had multiple offers in $16 K to $18K range. It's a little more effort but well worth it I think.

 

https://www.classaction.org/media/daley-et-al-v-toyota-motor-north-america-inc.pdf
https://burlingtonlawpractice.com/
Contact these guys to be added to the Class Action Lawsuit.
This recall is costing Toyota so much money that it has material impact on the profits and stock market value. Toyota is also under immense financial pressure due to competition from China and how successful Chinese manufacturers have been with their EVs. Toyota is desperately trying to minimize costs and delay EV conversion because they are no prepared. They are fighting for every penny.
They are also under scrutiny from NHTSA. Toyota didn't initiate the recall out of goodness of their heart. They had to do it because otherwise NHTSA would force them. I'm sure NHTSA is keeping a close eye on the Tundra Hybrid as well as 2024 vehicles and if they see that there are grounds to expand the recall, they are going to force Toyota to do it.
Frankly, Toyota screwed up so badly that they deserve all the financial pain and more. Off-topic, but my prediction is that Toyota will end up being bought by BYD before 2030.

 

I doubt that Toyota will get bought out by BYD, even if this recall gets expanded, its not enough of their total production to put them in danger.

Has anyone with Hybrid been offered a new long block after an engine failure or are they just doing band-aid short blocks?

 

Not because of this recall, but because Toyota is late to the EV game. Toyota is pouring millions of dollars into political lobbying to delay EVs as much as possible, but the conversion is only a matter of time and Toyota is so far behind that they won't be able to catch up. The whole Japanese auto industry is in shambles, with Nissan almost bankrupt and being rescued by Honda and the Japanese government. Juts like it happened with Japanese electronics industry, China ate their lunch already.

 

catch up to what man?

the others are losing their ass on EVs

toyota isnt going to be bought, lol, get real, their cash position is insane strong

 

The Goliath's will be eating the David's in global consultation of automakers.

Make no mistake Toyota is a global Goliath. Ain't no David eating that whale.

 

EVs have not caught up in the US. In China - twice the car market of the US - they are already 40% the market share. Next year, there will be more EVs sold in China only than the entire US car market. In some European markets, EVs already have 80% market share. US is no longer the dominant factor on the global auto market.
Toyota has been quite profitable so far. But one thing that Toyota fans are blind to is the amount of debt. Toyota has 37 trillion yen of debt vs. 34 trillion in equity. This hasn't been a problem because in Japan government loans have essentially been "free money" with zero or even negative interest rate. But this is changing, and as soon as Japanese government start collecting even moderate interests, Toyota will be in deep doo-doo. And, unlike decades ago, the Japanese government does not have the money to prop up private companies anymore. Virtually all Japanese major companies are slowly being bought up by China.
Toyota's situation is akin to GM few decades ago. GM was the undisputed largest auto maker in the world, kind of "too big to fail" - and it took one decade to go from boom to bust. There are good reasons why BYD is one of the favorite investments of Warren Buffet. This guy has the ability to look 10 years into the future, and that's why he bets his money on BYD, and not Toyota. Or, as they say on Wall Street, past performance is no guarantee of future returns.

 

So California won't renew my registration unless I perform the recall. What a freaking load of bull shit. Got my recall letter yesterday and read that fine print. Crazy how they can strong arm you into it.

 

EV’s are dead. For another 30+ years !!!

Period. Whoever thinks they should and will be here soon is mentally off. First… to move vehicles and people, it takes power. Where do you think that power will come from? Second… our power grid can’t even handle the power loads we have now. What ever makes you think it can handle the addition of EV’s all over.

Hybrids… on the other hand, is great and here to stay.


IMHO

 

That class action lawsuit implies that the throttle lag issue and the catastrophic engine failures are somehow related. In fact, 2 out of the 3 plaintiffs only experienced the throttle lag problem, not the engine failure.

I haven't seen any evidence these two issues are related, but I haven followed every engine failure report.

Is the throttle lag problem an early warning sign of an imminent engine failure? Or, is this class action lawsuit convoluting 2 separate issues?

 

the latter

 

That's my take on it too. Most of the engine failure reports I've read have stated there were no preliminary warning signs at all.

I think that might invalidate the class action lawsuit, but I'm not an attorney.

 

I would move.

Lots of states that don't micro manage every molecule of your life

 

Yep, California leadership absolutely sucks. It's a shame too, because it really is a beautiful state top to bottom. Move to Texas like all the other smart ones.

 

Most laws and regulations exist to protect people from their own stupidity.
Here is a case that I became aware of through a friend-lawyer. A guy owned a Hyundai that was subject to a recall due to fire risk. The recall advised owners to park outside. The owner didn't heed the recall, kept his car in the garage and delayed the trip to the dealer for months. The car caught fire and burned his house, as well as spread to the neighbors house. Both insurance companies declared the car owner negligent and refused to pay. The neighbor whose house burned down sued the car owner, both insurance companies and Hyundai. In the trial Hyundai defended themselves successfully by proving that the negligent owner had nearly a year to perform the recall. The judgment ordered the insurance company to pay the affected neighbor immediately, and sentenced the negligent Hyundai owner to pay a compensation to the insurance company. The insurance company took away the Hyundai owner's entire retirement savings (he is in his 50s) and on top of that he will have to pay a monthly compensation for the next 30 years to cover the losses and damages. He appealed the sentence but lost. Not performing the recall left the guy homeless and he will spend the rest of his live in poverty.

 

Ok, this sound freaking crazy and I'm not buying it. Can you cite the location of this? People do self-inflicted stupid shit all the time and pay insurance to protect them from their own stupidity. Leave the house with the oven on, store gasoline next to a furnace, cut down an Oak tree overhanging the neighbor's garage, it's all negligent. But I've never heard of anyone getting ordered to pay damages to the insurance company over the thing that they were insured against.

 

That's a great story, but it ain't great enough to justify the communist policies in California

 

Everyone should move to Texas, or at least all the Texans and others that moved to Colorado in the last 70 years.

 

Plus, retirement accounts such as a 401K and other qualified ERISA plans are federally protected. From most everything except taxes and VERY FEW other debts. I kinda think the story is exaggerated. IMHO

 

All I know is AZ is overrun with cartel. I’d keep going east.

 

BYD is never taking Toyota out unless the West falls and China somehow survives on its own. First of all, there is going to be continued backlash against CCP controlled entities in non-communist countries as the cars are rolling spy/data collection nightmares.

That aside, build quality, safety system concerns, and service and repair issues are just a few of the main things they would have to upgrade significantly if they can even get access to markets like the US.

Further, if we want to talk about government support, everyone knows that the CCP Gov props up all of their big companies or controls them one way or another via their national security laws so that's an additional issue as well.

RE Buffett, Since August 2022, Berkshire Hathaway has significantly reduced its stake in BYD. By various reports, the company has sold off more than half of its holdings, with some filings showing the stake dropping below 10% and even further to around 4.94% by July 2024.

 

On the bright side, they are pro 2a.
No good in Northeast. Maybe 51st state has room. Well, room for Eddie, sure.

 

lol...Id move to AZ or NV for sure. I was raised on the border with AZ/CA/MX and it feels like home being in Yuma or around there.