By Douglas A. McIntyre
Toyota’s (TM) recall of cars with floor mat and accelerator problems is likely to spread to Europe where many of the same defects exist. That would bring the worldwide recalls of vehicles made by the No.1 global car company to 8 million, according to Reuters.
In most highly competitive industries when there is a loser, there are usually winners. Toyota has an extremely broad product line that includes luxury vehicles, SUVs, pick-ups, sedans, coupes and hybrids. So the competition for its customers will come from companies which sell a similarly broad spectrum of cars.
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