After previously putting Lexus/Toyota on the watch list for possible downgrade, today, with some reluctance, I’ve eliminated Lexus/Toyota from my personal list of “Admired Companies” and Lovemark: Sample news – “CBC News – Toyota halts sales of Lexus SUV – Rollover hazard attributed to deficient stability control” and “BBC – Toyota suspends sales of Lexus GX 460 worldwide“.
July 5, 2010 update: Toyota starts Lexus recall in Japan
July 3, 2010 update: Toyota Announces Recall of 270,000 Vehicles
From CNNMoney “Toyota: New Lexus recall“, “In a recent J.D. Power survey of initial quality, Toyota slipped to 21st place from 6th place last year.”
April 16, 2010 update: Toyota to recall 600,000 Sienna minivans