Posts Tagged ‘defective vehicles’
Earthquake Aftermath: Accountant Insights on Auto Industry
Accounting in Japan has gone haywire since the March 11 earthquake. Many have temporarily stopped working on their finances and accounting in Japan because they have to deal with bigger problems. Many businesses were affected and loss of income reduced drastically. One such industry that was devastated by the earthquake is the auto industry.
Two weeks ago, May 16, 2011 the operator of the Fukushima Daiichi nuclear plant mentioned in a press meeting that the meltdown could have been caused by earthquake and not the tsunami that followed. Nonetheless, the Japanese auto industry has suffered a massive setback. Factories closed down and operations ceased. Millions of dollars in finished products were lost. No one had an inkling of what was to become of the auto industry, and if carmakers could even survive the crisis.
The initial assessment was discouraging and many businessmen and accountants saw a dim future with long-lasting effects. Still, the fighting spirit of Japanese auto makers remained undaunted.
Their suppliers who could not resume operations were put on hold, and other suppliers were sought. Those who could move closer to assembly plants did so. The problem was not just parts, but also power and transportation to ports. With the Japanese tight operations system where they don’t stock up on inventory of parts, it means there are no sufficient back-up inventory to cover the temporary inventory problem. Some cars and vehicles are not expected to be in production except on a limited capacity even during summer.
For the foreign market, this means they may not see Insight hybrids and Honda Fit for quite some time. Other cars which are built in other countries like the Honda Accord, and the Toyota Camry will be available since production was not affected. This is good news for many Japan car owners who fear they may not have enough parts for repair or maintenance.
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Tags: defective vehicles, japan earthquake, japan tsunami, toyota camry, vehicle scraps | 
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Defective Vehicles Overview
Defective vehicles are automobiles that can kill or injure the occupants in a fatal accident, or by malfunctioning and turning a survivable accident into a disastrous one. Some vehicle defects are very highly publicized – tire flaws, rollovers, and design flaws are widely recognized as vehicle defects. However, some deaths and injuries are caused by the failure of safety features such as seat belts, air bags, and child safety seats. If a loved one has been injured or killed a result of a defective vehicle, it is possible you may be eligible to receive compensation.
There are a variety of deadly vehicle defects, including:
*Faulty tires – the tires on the vehicle may have been improperly manufactured. If you purchased used tires without ensuring their certification, they may be unsafe – tires without the proper amount of grip for the road may prove fatal in poor weather conditions.
*Defective brake systems – if your brake system fails, you will be unable to stop your car. This is an extremely dangerous situation. In the past, when cars have been found to have defective brakes, it has made world wide news.
*Faulty steering systems – if you are unable to steer your vehicle properly due to a steering system defect, you are in a dangerous, potentially fatal situation. Faulty steering can severely damage the occupants of your car, and also puts those within range of your vehicle at risk.
*Defective safety equipment – seat belts, air bags, and car seats have all been designed to help prevent injuries and fatalities in accidents. If these have been improperly produced, it could result in you or your loved ones becoming injured in the event of an accident, rather than protecting them.
Some accidents may be caused due to defective vehicles. For example, rollover accidents are very often caused by design flaws or defects. Faulty tires can play a part in rollover accidents – without proper grip, and in poor weather conditions, tires can slip, and the car may lose traction. Design flaws may also contribute to these types of accidents. A car having a high center of gravity is dangerous, as the car is more likely to roll in the event of an accident.
Vehicle occupants may be ejected from the vehicle – this is a top cause of fatal injuries in rollover accidents. Defects which may cause this include a poor roof crush resistance, defective door latches, and defective seat belts.
When purchasing your vehicle, ensure that it is a safe, reliable automobile with no history of defects. The safety of you and your loved ones is extremely important
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