Beware of spare tires falling OFF. Another recall that will add to Toyota earnings, just like lack of sales in China.
Toyota Motor Corporation (NYSE:TM) is recalling 160,000 Tacoma pickup trucks because the spare tire could fall off. The recall is only for Tacoma’s from model years 2001 to 2004 and only concerns drivers in cold weather states and in Canada. Toyota said, “When the trucks were made, the metal plate that keeps the spare tire in place was not coated with sufficient amounts of phosphate to counter rust build-up.”