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Toyota Motor Corporation Message Board

  • itswhatsintheboxthatcounts itswhatsintheboxthatcounts Oct 10, 2012 8:43 AM Flag

    The choice of Credit Bandits

    TOKYO (Reuters) - Japan's Toyota Motor Corp announced a massive recall on Wednesday to fix malfunctioning power window switches, saying it will pull back 7.43 million vehicles worldwide in the biggest single recall .
    The move comes as it struggles with plummeting Chinese sales as a result of a Sino-Japanese territorial dispute.
    The recall primarily affects cars in the United States, China and Europe.
    Toyota declined to disclose how much the recall would cost, or how it might affect its earnings.
    The recall will include 2.47 million vehicles in the United States, as well as 1.40 million vehicles in China and 1.39 million vehicles in Europe.
    In Japan, Toyota is recalling about 459,300 vehicles, including the Vitz, produced between 2006 and 2008.
    The firm is also recalling 650,000 vehicles in Australia and Asia, 490,000 vehicles in the Near and Middle East, 240,000 vehicles in Canada and 330,000 vehicles elsewhere, said Shino Yamada, another spokeswoman for Toyota.
    The vehicles recalled outside Japan include certain models of the Yaris, Vios, Corolla, Matrix, Auris, Camry, RAV4, Highlander, Tundra, Sequoia, xB and xD produced between 2005 and 2010.
    The move comes a day after Toyota reported that its sales fell 48.9 percent year-on-year in China in September. Japanese car brands have suffered as a result of an outbreak of anti-Japan sentiment in China in response to a territorial dispute between the two countries.

    Shares in Toyota ended down 1.90 percent, and Toyota bigshots were overheard muttering
    " Oh , What a Feeling "

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