The Japanese carmaker, Toyota, is recalling 1.75 million vehicles from all over the world due to a number of issues. Just last month, 690,000 Tacoma pickup trucks were recalled by Toyota within the United States due to possible vulnerability in the suspension systems.
This past April 6.4 million vehicles worldwide were recalled again based on a number of different problems to include improperly working windscreen wiper motors and airbag cables. As part of this latest recall, vehicles have issues with faulty brake installation and a fuel component.
Fortunately, there have been no reported accidents or injuries associated with the reported problems. However, in not wanting to take a chance, the company opted for the recall. When approached for an official comment regarding the cost of this recall, Toyota refused to respond.
This latest recall involves certain models of the Toyota Crown Majesta, as well as Voxy and Noah model vehicles produced from June 2007 through 2012. Toyota offered a breakdown of the recall, dividing the issues into three different segments.
The first is the faulty brake system, which affects approximately 802,000 vehicles worldwide. With this problem, the system can crack, resulting in a secondary problem of brake fluid leaking. The fix entails a rubber seal ring in the master cylinder being replaced to stop fluid from leaking. If fluid has already begun to leak, an additional fix of replacing the brake booster will be provided.
Another segment of the recall is a faulty fuel delivery pipe system, which affects roughly 759,000 vehicles, broken down by 423,000 in the United States, 240,000 in Japan, and close to 70,000 combined for the Middle East and Europe, which includes 9,637 cars registered in the UK.
In this case, a faulty system could cause a fuel leak, which in turn increases risk of the vehicle catching fire. This aspect of the recall is specific to various models of Lexus that were produced between January 2005 and September 2010.
For the third segment of the recall, about 190,000 vehicles have faulty fuel suction plates, which again, could cause a fuel leak and thereby risk of fire. This particular problem affects a much smaller number of vehicles and only those made in Japan. The faulty fuel suction plate issue is linked to Auris and Corolla Rumion models that were manufactured between October 2006 and October 2014.
In light of this latest recall, Toyota stock was down on the Tokyo Stock Exchange compared to being up 0.02% to 5,990 yen per share at the prior day’s closing bell.