Toyota warns: Camry, 7 other models pose severe safety risks

Posted by Richard Neil Ilagan on Jan 27th, 2010 and filed under Money and Business. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Share this story on Facebook
Toyota warns: Camry, 7 other models pose severe safety risks
 

Toyota Motors Corp. has announced that they will stop the manufacturing and distribution of eight of their automobile models temporarily while the company is trying to find out why the accelerator pedal in these models appear to have a very real chance of sticking.

Toyota have received reports that the accelerator pedals sometimes stick, making the vehicle speed up quickly, without the driver’s intervention. Affected models include some of Toyota’s best-selling models in the U.S., including the Camry and Corolla sedans. Other models included in the move are the Avalon sedan, Matrix wagon, RAV4 crossover, Tundra pick-up, and the Highlander and Sequoia sports vehicles.

Toyota’s announcement comes five days after ordering a recall of approximately 2.3 million vehicles due to the same cause, the latest recall after last year’s November recall, involving approximately 4 million vehicles. Toyota is expected to lose billions of dollars in what is argued to be a very, very expensive move for the company.

“Toyota had a bulletproof reputation for quality, and now it’s been tarnished,” shares Jim Hossack, an analyst from AutoPacific Inc. “It’s a dramatic move, and an expensive move.”

blog comments powered by Disqus
The News Chronicle on Facebook
 
TOP.ORG - Topsites News & Journalism - Top Blogs Philippines 0 0