The lessons for borrowers from the car industry

By Catherine Robson
Updated January 28 2018 - 9:38am, first published January 17 2018 - 1:24am

Mark Saylor made a heart-wrenching call to 911 as the Lexus he was driving accelerated out of control. The call in 2009 concludes with the car careering into a gorge killing all passengers, including his wife, brother-in-law and 13-year-old daughter. In the wake of the disaster, Toyota recalled 10 million vehicles and paid a $US1 billion fine. Unfortunately, notwithstanding these actions, the complaints about unexplained acceleration have not ceased and are not confined to Toyota vehicles.

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