Honda and Toyota

3350 words 14 pages
2013
2013

Group member
Vu Thi Thu Hang
Nguyen Thi Kieu Trang
Nguyen Van Chi
Dang Dinh Thanh

Group member
Vu Thi Thu Hang
Nguyen Thi Kieu Trang
Nguyen Van Chi
Dang Dinh Thanh
Honda and Toyota
Financial statement analysis
Honda and Toyota
Financial statement analysis | |

Contents A. Executive summary 2 B. Brief profiles and recently performance 2 I. Honda Company 2 1. Executive Summary 2 2. History: 2 3. Problem of Honda Company from 2010 to 2012 2 II. Toyota Company 3 1. Executive summary 3 2. Problem of Toyota’s company from 2010 to 2012 4 C. Financial Statement Analysis 5 I. Honda Company 5 1. Liquidity 5 2. Solvency 6 3. Summary 7 II. Toyota Company 8 1. Liquidity 8 2. Solvency
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The first recall, on November 2, 2009, was to correct a possible incursion of an incorrect or out-of-place front driver's side floor mat into the foot pedal well, which can cause pedal entrapment. The second recall, on January 21, 2010, was begun after some crashes were shown not to have been caused by floor mat incursion. This latter defect was identified as a possible mechanical sticking of the accelerator pedal causing unintended acceleration, referred to as Sticking Accelerator Pedal by Toyota. The original action was initiated by Toyota in their Defect Information Report, dated October 5, 2009, amended January 27, 2010. Following the floor mat and accelerator pedal recalls, Toyota also issued a separate recall for hybrid anti-lock brake software in February 2010.
As of January 28, 2010, Toyota had announced recalls of approximately 5.2 million vehicles for the pedal entrapment/floor mat problem, and an additional 2.3 million vehicles for the accelerator pedal problem. Approximately 1.7 million vehicles are subject to both. Certain related Lexus and Pontiac models were also affected. The next day, Toyota widened the recall to include 1.8 million vehicles in Europe and 75,000 in China. By then, the worldwide total number of cars recalled by Toyota stood at 9 million. Sales of multiple recalled models were suspended for several weeks as a result of the

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