Toyota

Toyota recalls another 1.7 million vehicles

Alisa Roth Jan 26, 2011
HTML EMBED:
COPY
Toyota

Toyota recalls another 1.7 million vehicles

Alisa Roth Jan 26, 2011
HTML EMBED:
COPY

TEXT OF STORY

STACEY VANEK SMITH: Not a happy new year so far for Toyota. The company announced this morning it’s recalling 1.7 million vehicles. This time, the problem is with various faulty parts, including defective fuel devices. And you might be surprised at what this latest recall means.

Alisa Roth covers the auto industry for us. She has this report.


ALISA ROTH: : Toyota has been working hard to repair its reputation after it recalled millions of vehicles last year. It sounds funny but this latest recall actually proves it’s paying attention.

Alan Baum is an auto industry consultant in Michigan.

ALAN BAUM: In an ironic way, this is their system working in terms of generating concerns in their vehicles before the regulatory authorities find those concerns.

This recall isn’t as alarming as some of the previous ones. Namely the problems with “unintended acceleration.” And it’ll have less of an effect for drivers here — since most of the recalled vehicles are in Japan.

Toyota just took the title of largest automaker — by number of vehicles sold — for the third year in a row. But its own problems — and increased competition from other companies, like the Detroit Three — may make it hard to hold onto that title.

I’m Alisa Roth for Marketplace.

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.