Toyota Angry with GM: Taxpayers Money Used for Incentives

We all know that Toyota are having a few issues with their vehicles, which has resulted in over 8 million of them being recalled. General Motors have had their own hassles but smelt blood and went after the Japanese automakers customers — by offering incentives to them.

Both Toyota and Lexus owners were targeted in this campaign — but the automaker has now launched an attack on GM, saying that the incentives was used at the expense of the taxpayer. The reason is simple — the U.S. government owns a 60 percent stake in General Motors. So if you think about it, you have not saved money buying a new GM vehicle — you already paid for it out of your taxes.

According to Autoblog, Toyota states that GM has been reckless, but there is no proof to back this up. We know that the American government own a majority stake in the Detroit auto company, but they are still allowed to run as an autonomously.

Do you agree that GM should be offering these incentives?

*Identifying Monetised Links - outgoing links that we monetise are marked with an '*' symbol.

Written by Peter Chubb

Peter has been writing on Product-Reviews since 2007 and in that time much has changed for him, like his hair having more grey than brown now. He loves gadgets and cars, and gets excited when big events come up, such as CES and the big auto shows.

Contact Peter Chubb:

He started out working in a factory and dreamed of the day when he could become his own boss; That happened back in 2002 and he has never looked back since. Things have changed so much on the Internet in that time, but he has adapted well.

Contact Peter Chubb:

Leave a Reply

Your email address will not be published.

Google Earth: Photographers dream at the FIFA 2010 World Cup

New iPhone 4G: 25 Features Needed and Wanted