toyota to recall 7.4 million vehicles over power window glitch - car power window
Toyota Motor Corporation (7203. T)
Said more than 7 will be recalled.
The failure of power window switches for 4 million cars worldwide is a potential fire hazard, the latest in a series of setbacks that have weakened Japan's reputation as the largest carmaker.
This voluntary action is the biggest recall since Ford pulled 8 million cars off the road in 1996 to replace the defective ignition switch that could cause the engine to fire.
Since 2008, Toyota has struggled to get rid of difficulties, including a series of recalls involving more than 10 million vehicles in 2009 --
Last year's earthquake and tsunami in Japan and floods in Thailand have severely damaged the supply chain.
On April, the company announced its largest quarterly operating profit in four years --June.
The company has regained the crown of the best company in the world.
Auto makers were sold in the first half of this year and nine are expected to be sold.
This year, there are 76 million cars and light trucks worldwide, including Daihatsu and Hino brands.
But recently, Toyota-
Other Japanese brands
China is the world's largest car market, with car sales falling sharply due to domestic protests.
Japanese territorial dispute
Toyota said Tuesday its sales in China fell by 48 vehicles. 9 percent year-on-
The recall, which mainly affects cars in the United States, China and Europe, aims to repair faulty power window switches on the driver's side.
Toyota's main competitor in the United StatesS.
Including Ford and General Motors (GM. N)
In China, they include mass companies (VOWG_p. DE)
Hyundai Motor Corporation (005380. KS)
Nissan Motor Co. , Ltd (7201. T)
Both modern and Nissan are in Europe.
The company said the recall would include several Yaris and Corolla models, with a repair time of about 40 minutes.
"The process of repair (
Power window switch)
"This is not a broad issue," said spokesman Monika Saito, adding that it will involve heating.
Grease resistance on the switch, or replacement.
Toyota declined to disclose the cost of the recall and its impact on future earnings.
Koichi Sugimoto, a senior analyst at BNP Paribas Securities in Tokyo, estimates that the recall will take at least 10 billion yen ($128 million).
"Of course, 7 million cars are a huge number, but this may not be the same as last time American customers avoided buying Toyota cars.
"It sounds completely different from what it was then," he said . ".
The recall will include 2.
47 million in the United States, one.
4 million and 1 in China.
The company says there are 39 million in Europe.
Saito said there were no reports of accidents, injuries or deaths, although the faulty switch could smoke. Toyota’s U. S.
If commercial lubricants are used on the switch, the problem may cause a fire, the press release said.
Toyota will repair about 459,300 vehicles in Japan, including Vitz models produced between 2006 and 2008.
Another Toyota spokesman, Shino Yamada, said the company also recalled 650,000 vehicles in Australia and Asia, 490,000 in the Near East and the Middle East, 240,000 in Canada and 330,000 elsewhere.
Vehicles Recalled outside Japan include Yaris, Vios, Corolla, Matrix, Auris, Camry, RAV4, Highlander, Tundra, Sequoia, produced between 2005 and 2010,
Saito said the issue was first reported in the United States in September 2008.
Shares of Toyota fell 1.
9%, consistent with the broader Nikkei index. N225. ($1 = 78.