by Nate Wooley | October 10, 2012 9:45 am
Toyota (NYSE:TM) is recalling 7.4 million of its vehicles in the U.S., Europe, Japan and elsewhere.
More than a dozen models made from 2005 to 2010 are affected, reports The Associated Press. Toyota, Japan’s top automaker, is issuing the recall to fix faulty power-window switch installations that may have occurred. The switch may have grease improperly applied, leading to friction and possibly smoke when operated.
The recalled models in North America are the Yaris, Corolla, Matrix, Camry, RAV4, Highlander, Tundra, Sequoia, and some versions of the Scion, totaling almost 2.5 million units. In Japan over 450,000 vehicles are recalled, including Vitz, Belta, Ractis, Ist, Auris, and Corolla Lumion. European recalls cover more than 1.3 million cars in the models Yaris, Corolla, Auris, Camry, and RAV 4.
The recall also covers Australia and China as well as other parts of Asia and the Middle East.
The announcement is the latest blow to Toyota’s reputation for quality. The carmaker has had to recall more than 14 million vehicles over the last several years.
Source URL: http://investorplace.com/2012/10/toyota-recalls-7-4-million-vehicles-globally/
Short URL: http://invstplc.com/1fAqW0T
Copyright ©2015 InvestorPlace Media, LLC. All rights reserved. 700 Indian Springs Drive, Lancaster, PA 17601.