Toyota Recalling 7.4 Million Cars

Toyota said that they are recalling over 7.4 million vehicles worldwide due to a faulty power window switch, which would be a potential fire hazard.  This is the largest single recall since Ford pulled 8 million vehicles off the road in 1996 to replace the defective ignition switches that could be used to cause engine fires.

Back in 2008, Toyota had a series of recalls involving over 10 million of their vehicles between 2009 and 2011.  Toyota’s supply chain was hurt last year after the earthquake and tsunami in Japan along with the floods in Thailand.  However Toyota posted their largest quarterly operating profit in 4 years in April-June.

Toyota became the world’s best-selling automaker in the first half year and they expect to sell 9.76 million cars and light trucks globally this year.

“The process to repair (the power window switch) is not an extensive one,” stated spokeswoman Monika Saito.  It involves putting heat-resistant grease on the switches.  Toyota did not say how much the recall would cost them.  “Of course, 7 million vehicles is a huge number, but it’s probably not going to be like last time when customers in the United States avoided buying Toyota cars. This sounds like a completely different scale from then.”

The recall includes 2.47 million vehicles in the U.S., 1.4 million in China, and 1.39 million in Europe.  No accidents or injuries have been reported regarding the problem.  Toyota will be taking in 459,300 vehicles for repair in Japan, 650,000 in Australia and Asia, 490,000 in the Middle East, 240,000 in Canada, and 330,000 elsewhere.

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[Chicago Tribune]

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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