Stock Market News

Toyota recalls 118k vehicles as airbags may fail to deploy

2023.07.13 15:32


© Reuters. Toyota (TM) recalls 181k vehicles as airbags may fail to deploy

Toyota Motor Corporation (NYSE:) announced that they are recalling certain 2023 model year vehicles as investigations found the spiral cable assembly in the steering column may lose electrical connection on the circuit controlling the driver’s airbag.

Toyota spokesperson Josh Burns on Wednesday said about 118,000 vehicles are included, “with approximately 110,000 of those in the U.S.”

In the event of an electrical connection failure, the airbag warning light will come on, and the driver’s airbag might not deploy in the event of a crash. That means the vehicles won’t meet certain federal safety requirements, which could make it more dangerous for the driver if they get into an accident.

The automaker has declined to comment on injuries, accidents or deaths that could have resulted from the safety issue.

The recall covers Corolla, Corolla Cross, Corolla Cross hybrid, Highlander, Highlander hybrid, Tacoma, Lexus RX and RX hybrid and 2024 model year NX and NX hybrid vehicles.

For all recalled vehicles, Toyota and Lexus dealers will inspect the serial number of the spiral cable and replace it with a new cable if necessary at no cost to customers.

Toyota will notify all affected owners about the issue by early September 2023.

Shares of TM are up 0.71% in afternoon trading on Thursday.

Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 75,947.35 1.49%
vested-xor
Vested XOR (VXOR) $ 3,405.08 99,999.99%
ethereum
Ethereum (ETH) $ 2,911.79 3.77%
tether
Tether (USDT) $ 1.00 0.03%
solana
Solana (SOL) $ 198.90 6.18%
bnb
BNB (BNB) $ 598.27 0.52%
usd-coin
USDC (USDC) $ 1.00 0.03%
xrp
XRP (XRP) $ 0.550732 0.98%
dogecoin
Dogecoin (DOGE) $ 0.200642 5.27%
staked-ether
Lido Staked Ether (STETH) $ 2,914.96 3.89%
cardano
Cardano (ADA) $ 0.434251 17.72%
tron
TRON (TRX) $ 0.160819 0.54%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,449.04 2.57%
the-open-network
Toncoin (TON) $ 4.89 1.31%
shiba-inu
Shiba Inu (SHIB) $ 0.000019 3.88%
avalanche-2
Avalanche (AVAX) $ 27.45 1.73%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 75,863.33 1.53%
weth
WETH (WETH) $ 2,910.16 3.80%
chainlink
Chainlink (LINK) $ 12.77 3.84%
bitcoin-cash
Bitcoin Cash (BCH) $ 379.77 1.57%
sui
Sui (SUI) $ 2.30 2.97%
polkadot
Polkadot (DOT) $ 4.27 4.36%
leo-token
LEO Token (LEO) $ 6.34 3.28%
usds
USDS (USDS) $ 1.00 0.08%
litecoin
Litecoin (LTC) $ 71.20 0.92%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,062.00 3.75%
uniswap
Uniswap (UNI) $ 8.81 1.26%
near
NEAR Protocol (NEAR) $ 4.20 1.09%
aptos
Aptos (APT) $ 9.65 1.31%
pepe
Pepe (PEPE) $ 0.000011 6.88%
bittensor
Bittensor (TAO) $ 504.57 2.52%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.42 2.82%
internet-computer
Internet Computer (ICP) $ 7.71 1.90%
dai
Dai (DAI) $ 1.00 0.05%
stellar
Stellar (XLM) $ 0.101649 4.10%
monero
Monero (XMR) $ 163.88 0.66%
ethereum-classic
Ethereum Classic (ETC) $ 20.23 0.82%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.16%
crypto-com-chain
Cronos (CRO) $ 0.103078 19.97%
kaspa
Kaspa (KAS) $ 0.113475 4.32%
whitebit
WhiteBIT Coin (WBT) $ 19.62 1.83%
aave
Aave (AAVE) $ 180.07 0.90%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.344415 1.85%
blockstack
Stacks (STX) $ 1.65 0.77%
okb
OKB (OKB) $ 40.29 1.33%
first-digital-usd
First Digital USD (FDUSD) $ 0.998771 0.30%
dogwifcoin
dogwifhat (WIF) $ 2.32 0.77%
arbitrum
Arbitrum (ARB) $ 0.570872 1.05%
mantle
Mantle (MNT) $ 0.660919 8.27%
filecoin
Filecoin (FIL) $ 3.72 0.08%