Toyota Returning Lessees Get Cash Bonus from Chrysler

American carmaker announced new incentives for its customers, offering current Tundra, Tacoma and Sienna owners an additional $1,000 trade-in bonus cash with the purchase or lease of any new Chrysler, Jeep, Dodge car or Ram truck.

"The 2010 Ram Heavy Duty is Motor Trend magazine's 'Truck of the Year' and the Ram 1500 is our most awarded truck ever," Fred Diaz, President and Chief Executive Officer–Ram Brand and Lead Executive for the Sales Organization, Chrysler Group, said in a release.

"Chrysler invented the minivan and with more than 65 minivan-first innovations has the best minivans in the marketplace with the Dodge Grand Caravan and Chrysler Town & Country. Dodge has sold more minivans than any other manufacturer, and combined with the Town & Country has more than 42 percent market share in the minivan segment," Diaz added.

Ford is also offering $1,000 for customers who trade in Toyota, Lexus, Scion, Honda or Acura vehicles with model-years between 1995 and 2010. The incentive can be applied on all Ford vehicles, except its gas-electric hybrids models, its F-150 Raptor pick-up truck, its new Taurus SE sedan, its Edge SUV all-wheel drive and its Shelby GT500 and KR sports cars

The Japanese carmaker is currently facing its biggest recall, and it is putting the blame on CTS Corp., the supplier of the pedals for the affected models. CTS, however, denied the accusations, but has already started to deliver replacement parts to Toyota's assembly plants in North America.