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) $ 63,584.04 0.06%
ethereum
Ethereum (ETH) $ 2,648.47 0.08%
tether
Tether (USDT) $ 0.999764 0.04%
bnb
BNB (BNB) $ 603.29 1.93%
solana
Solana (SOL) $ 146.88 1.94%
usd-coin
USDC (USDC) $ 0.999796 0.02%
xrp
XRP (XRP) $ 0.58909 0.30%
staked-ether
Lido Staked Ether (STETH) $ 2,648.87 0.06%
dogecoin
Dogecoin (DOGE) $ 0.109238 1.80%
the-open-network
Toncoin (TON) $ 5.58 0.62%
cardano
Cardano (ADA) $ 0.369907 4.59%
tron
TRON (TRX) $ 0.152317 0.16%
avalanche-2
Avalanche (AVAX) $ 27.59 0.46%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,122.30 0.06%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 63,521.02 0.18%
shiba-inu
Shiba Inu (SHIB) $ 0.000015 0.98%
weth
WETH (WETH) $ 2,648.21 0.09%
chainlink
Chainlink (LINK) $ 11.51 0.85%
bitcoin-cash
Bitcoin Cash (BCH) $ 342.97 0.91%
polkadot
Polkadot (DOT) $ 4.57 4.58%
near
NEAR Protocol (NEAR) $ 5.23 6.97%
dai
Dai (DAI) $ 0.999845 0.02%
uniswap
Uniswap (UNI) $ 6.95 3.16%
leo-token
LEO Token (LEO) $ 5.59 2.96%
litecoin
Litecoin (LTC) $ 66.73 0.68%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,774.75 0.02%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.70 1.76%
internet-computer
Internet Computer (ICP) $ 9.06 7.61%
bittensor
Bittensor (TAO) $ 575.66 6.09%
sui
Sui (SUI) $ 1.57 1.61%
kaspa
Kaspa (KAS) $ 0.163605 1.66%
aptos
Aptos (APT) $ 7.99 2.63%
pepe
Pepe (PEPE) $ 0.000008 2.01%
monero
Monero (XMR) $ 168.55 3.64%
first-digital-usd
First Digital USD (FDUSD) $ 0.999173 0.13%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.408128 1.17%
blockstack
Stacks (STX) $ 1.94 7.35%
stellar
Stellar (XLM) $ 0.096285 0.13%
ethereum-classic
Ethereum Classic (ETC) $ 19.11 0.14%
immutable-x
Immutable (IMX) $ 1.76 3.83%
ethena-usde
Ethena USDe (USDE) $ 0.99898 0.04%
aave
Aave (AAVE) $ 169.24 0.91%
render-token
Render (RENDER) $ 6.14 0.31%
okb
OKB (OKB) $ 40.05 0.57%
crypto-com-chain
Cronos (CRO) $ 0.085103 0.81%
filecoin
Filecoin (FIL) $ 3.78 1.12%
arbitrum
Arbitrum (ARB) $ 0.600451 0.98%
injective-protocol
Injective (INJ) $ 22.19 1.28%
hedera-hashgraph
Hedera (HBAR) $ 0.057185 2.02%
mantle
Mantle (MNT) $ 0.633569 0.26%