InsideJapan News Network
Wednesday,
27th
January
2010
In Business In Japan,
In Business In Japan,
Toyota suspends sales over fault
Japanese car manufacturer Toyota has announced it is to suspend sales of a number of its US models over safety fears.
The company, which is the biggest car maker in the world, will stop selling eight models in the States over problems were found with the cars' accelerator pedals.
The news follows a move by the car firm which saw it recall more than two million cars last week.
Cars included in the suspension include the 2010 Highlander, the 2009-2010 RAV4, Camrys and Tundras from between 2007 and 2010 and some models of the Corolla and Matrix vehicles.
Commenting on the sales suspension, analyst at Advanced Research Japan Koji Endo said: "The recall itself won't be a big problem for Toyota's earnings, but suspending production and sales could have a big impact, depending on how long it lasts."
The US is Toyota's biggest market and this latest glitch is the second time in less than half a year that the firm has recalled cars due to safety concerns.
Written by Kimberley Homer.
Related news stories:
Toyota to enter Japan's small car market (29th September 2010)
Toyota comes under further recall criticism (21st May 2010)
Toyota shareholders sue troubled firm (22nd March 2010)
Toyota boss faces workforce in Japan (5th March 2010)
The company, which is the biggest car maker in the world, will stop selling eight models in the States over problems were found with the cars' accelerator pedals.
The news follows a move by the car firm which saw it recall more than two million cars last week.
Cars included in the suspension include the 2010 Highlander, the 2009-2010 RAV4, Camrys and Tundras from between 2007 and 2010 and some models of the Corolla and Matrix vehicles.
Commenting on the sales suspension, analyst at Advanced Research Japan Koji Endo said: "The recall itself won't be a big problem for Toyota's earnings, but suspending production and sales could have a big impact, depending on how long it lasts."
The US is Toyota's biggest market and this latest glitch is the second time in less than half a year that the firm has recalled cars due to safety concerns.
Written by Kimberley Homer.
Related news stories:
Toyota to enter Japan's small car market (29th September 2010)
Toyota comes under further recall criticism (21st May 2010)
Toyota shareholders sue troubled firm (22nd March 2010)
Toyota boss faces workforce in Japan (5th March 2010)
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