Ford and Honda May Benefit as Toyota Recall Grows

Toyota's (TM) recall of cars with floor mat and accelerator problems has spread to Europe and where many of the same defects exist, bringing the worldwide recalls of vehicles made by the No.1 global car company to about 8 million, according toReuters.

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.