Toyota Takes New — and Welcome — Approach
Have you seen those new Toyota ads? The ones in which the company apologizes for letting quality slip. These are very unusual for a corporation facing product liability suits — and they are exactly the right thing to do.
Typically companies in Toyota’s position, clam up. Statements are defensive and evasive. Maintaining such a posture during the long life of a litigation will leave a company’s reputation in badly compromise.
Yet public opinion studies have shown that companies that publicly speak to their problems — that defend themselves but also that acknowledge faults and both pledge and work to fix them — build the trust of potential jurors, not to mention customers and suppliers.
Toyota is right to put corporate reputation first, and is likely to do better in court as a result.