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FINANCIAL CHRONICLE™ » FUN CHRONICLE™ » Toyota is to recall more than 110,000 hybrid vehicles

Toyota is to recall more than 110,000 hybrid vehicles

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milanka

milanka
Vice President - Equity Analytics
Vice President - Equity Analytics
The world's biggest carmaker Toyota is to recall more than 110,000 hybrid vehicles over concerns about a problem with the power supply circuit, the BBC reported

The Japanese carmaker said the recall involves the Highlander hybrid and Lexus RX400h models globally.

The vehicles could stop suddenly because of an electrical problem leading to a blown fuse, the company said in a statement. Toyota has recalled almost 12 million vehicles in the past 18 months.

The latest recalls are taking place mainly in the US, Japan and Europe, with some in Canada, Australia and South Korea, Toyota said.

The company said it was "working on obtaining the necessary replacement parts" and would get in touch with customers to get their vehicles inspected soon.

"The recalls that we announced cover all known problems regarding the component concerned," Toyota spokesperson Paul Nolasco told the BBC.

"We apologise for the inconvenience caused to our customers and hope to be able [to fix the problem] as soon as possible," he added.

While the recall is likely to raise further questions about Toyota's quality controls, analysts said the carmaker is trying to ensure that it nips the problem in the bud.

"The good news is, they are not allowing it to become a full-blown crisis," said Vivek Vaidya at research group Frost & Sullivan.

He said there had been instances in the past of Toyota saying there were no issues with its vehicles when customers and safety regulators were reporting faults.

He said Toyota was trying to avoid getting into a similar situation again.

Courtesy - BBC.com
http://www.sundaytimes.lk/index.php/analysis/8529-toyota-recalls-110000-hybrid-cars-on-safety-concerns

http://forum.srilankaequity.com/u188

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