The problems seem to be piling up for the world’s largest automaker. Toyota Motor Corporation (TM) announced today that it has issued a global recall of around 6.4 million vehicles for a range of defects including faulty steering columns and issues with air-bag deployment.
General Motors’ troubles with safety recalls have surfaced in another case, this time with the company recalling a group of SUVs for a third time to fix power window switches that can catch fire.
The problem, revealed in documents posted by federal safety regulators this week, is so serious that GM is telling customers to park the SUVs outdoors until they are repaired because they could catch fire when left unattended.
MARKHAM, Ont. — Four Japanese automakers including Toyota Motor Corp, and Nissan Motor Co are recalling 3.4 million vehicles sold around the world because airbags supplied by Takata Corp are at risk of catching fire or injuring passengers.
Honda is recalling 1.1 million vehicles, including more than 107,000 in Canada, and Toyota is recalling 1.7 million vehicles, including some 580,000 in North America.
Rick Newman submits:With all the hype surrounding Toyota's (TM) quality problems, you'd think a recall notice in your mailbox is the equivalent of a pink slip or IRS audit. Hardly. Toyota is certainly reeling from recalls of nearly 5 million U.S. cars, including top sellers like the Camry, Corolla, RAV4, and Prius. But recalls are a fact of life in the auto business, usually generating little news or heartache for car owners.
The total number of automobile recalls in the US this year crossed the 60 million mark for the first time in a single year, as automakers hurried to prevent further disasters resulting from faulty Takata Corp UNSP ADR (OTCMKTS:TKTDY) airbags and ignition switch defects in General Motors Company's (NYSE:GM) vehicles.
Toyota Motors Corporation (ADR) (TM), in a press release on Thursday, announced the recall of around 130,000 model 2014 Tundra Crew-Max Cabs and Double Cabs in the US. Toyota reports that the company has also sent out recalls for 2014 pickup trucks in Canada and Mexico totaling up to 10,000 and 200 vehicles, respectively.
The world’s largest automaker, Toyota Motor Corporation (ADR) (TM) said yesterday that it is again recalling the 2.14 million vehicles that it had recalled globally last year, in addition to 130,000 vehicles – covering a total of 20 Toyota models – that are suspected to have faulty airbag deployment systems.