Toyota Announces Massive Recall
From Forbes web site:
RPT - Toyota recalls 790,000 vehicles
05.17.2005, 09:00 PM
(Repeating for technical reasons)
SAN FRANCISCO (AFX) - Toyota Motor Corp recalled about 790,000 trucks and sport utility vehicles due to problems with the front suspension, the Japanese car giant said Tuesday.
Toyota officials were unable to say where the recall ranks in terms of the number of cars involved, but it is clearly among the company's biggest.
There have been two minor accidents relating to the mechanical defect but no injuries have been reported, according to Toyota spokeswoman Allison Takahashi.
The recall covers 2001-2004 model year Tacoma trucks, 2001-2002 4Runners and 2002-2004 models of both the Tundra and Sequoia.
The problem relates to a defect in a ball joint, which could make it more difficult for drivers to steer the vehicle.
Toyota said the recall will likely affect vehicles in Japan and some other countries but didn't give an overall target.
Vehicle owners will be notified by mail beginning in late June.
Shares of Toyota Motor finished the trading session Tuesday up 43 cents at 72.46 usd.
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