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post #1 of 1 (permalink) Old 04-15-2008, 07:26 PM Thread Starter
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Toyota will buy back rusted Tacomas

From Automotive News:

Toyota will buy back rusted Tacomas
Mark Rechtin
Automotive News
April 14, 2008 - 12:01 am ET


LOS ANGELES Toyota Motor Sales U.S.A. Inc. is offering to buy back 1995-2000 Toyota Tacoma pickups affected by rusted structural frames.

Although 813,000 Tacomas from that era are still on the road, Toyota estimates the number of trucks with corroded frames to be small. The condition arises most commonly in areas with snow and road salt.

A Toyota spokeswoman said the steel used in the frames was fine, but the anti-corrosion undercoating was inadequate for conditions in the Midwest.
Dealers will inspect all Tacomas, which will have their frame-rust warranties extended to 15 years. Trucks with minor frame pitting will be repaired.

Toyota will repurchase trucks with more serious damage. The owner will be reimbursed at 150 percent of the "excellent" value listed in the Kelley Blue Book ratings, regardless of the truck's condition.

Of course, the gesture could encourage customers to buy a new Toyota pickup. This year Toyota Tacoma sales are down 13 percent, while Tundra is selling well below its annual target of 200,000 units.

Although the Tacoma and 4Runner are built on the same platform, only Tacomas built at the NUMMI plant in Fremont, Calif., are affected
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