Toyota Motor Recalls 1.7 Million Cars Globally for New Defects
Toyota Motor Corp., the world’s biggest carmaker, recalled about 1.7 million vehicles globally for defects in fuel pipes and pumps, pressure sensors and spare tire carriers, Bloomberg reported.
In Japan, Toyota will recall 1.28 million units of models including the Voxy, Noah and Isis minivans and RAV4 sport- utility vehicles, according to statements from the company. Separately, Toyota said it would conduct a voluntary safety recall of 245,000 Lexus luxury cars in the U.S. to inspect installation of fuel pressure sensors and call back 135,000 Avensis sedans in Europe for potential defects in fuel systems.
The automaker, based in Toyota City, Japan, is struggling to recover its reputation for reliability after record recalls, mainly for problems relating to unintended acceleration. General Motors Co., the second-ranked global automaker, narrowed Toyota’s lead in 2010 after the Asian automaker’s sales fell 0.4 percent in the U.S.
“After Toyota’s recalls last year, the company is more sensitive to recall issues and conducting them as early as possible,” said Satoru Takada, a Tokyo-based analyst at TIW Inc. The impact on the automaker’s stock price will be limited, he said.
Shares Fall
There have been no reports of accidents because of the faults, the Toyota said.
Shares in Toyota fell 1.9 percent to close at 3,400 yen in Tokyo. The stock has gained 5.6 percent so far this year.
Today’s recall is the company’s biggest since Oct. 21, when it said 1.53 million cars had brake-related problems that may cause fluid leaks. Defects linked to unintended acceleration led to recalls totaling more than 8 million units that began in September 2009.
“Compared with last year, consumers are responding less to Toyota’s continued recalls,” said Tadashi Usui, a Tokyo-based analyst at Moody’s K.K. “But it’s still questionable whether Toyota will fully regain its reputation for quality.”
More Industry

Luxe N.C. Dealerships Change Hands
A collection of Italian and English brand franchises were handed off to the owner’s friend in the business and include the Carolinas’ only Ferrari retail stores.
Read More →
Exposure Drives Interest in Chinese Cars
At a recent demonstration, consumers had the chance to ride in a Chinese-branded vehicle, a firsthand experience that improved their perceptions and purchase intent.
Read More →
Automotive Consumers Sink Further in Debt
Most financing metrics hit records in the second quarter as more buyers locked themselves into long terms and high monthly payments.
Read More →
Agent Advocate
Rob Mancuso, who comes from a long line of auto dealers, values general agents’ place in the industry and makes a case for them taking an even bigger seat at the table.
Read More →
Driving Under Distraction
Though consumers gave higher marks to new vehicles in JD Power’s most recent initial-quality poll, high-tech interference worsened, pointing to craving for simplicity.
Read More →
Affordable New Cars a Thing of the Past
More than one out of five new vehicles sell for more than $60,000, according to Edmunds. That's up 7% compared to prepandemic 2019.
Read More →
State Follows Federal Warning on Auto Ads
The Massachusetts attorney general cautioned the state’s automotive dealers to be upfront with the consuming public about their vehicle prices or risk punishment.
Read More →
Consumer Outlook on the Rise
Younger generations are feeling more positive about their financial futures and current affordability pressures than older generations, according to recent TransUnion data.
Read More →
Pennsylvania Dealership Under New Retailers
The sale of the Chrysler Dodge Jeep Ram store puts a family auto group on a leaner path as first-time dealers take the helm.
Read More →
Battery Storage Takes Priority Over EVs
U.S. automakers are prioritizing battery energy stationary storage over electric-vehicle production as the consumer demand for EVs lags the rest of the world.
Read More →