Toyota halts US sales of 8 models

Toyota Motor Corp will suspend U.S. sales of eight models subject to a massive safety recall.

Toyota halts US sales of 8 models

Toyota Motor Corp will suspend U.S. sales of eight models subject to a massive safety recall.

Toyota said it would also halt production of the models, including the best-selling Camry, at plants in the United States and Canada in the first week of February.

Shares in the world's biggest automaker suffered their biggest slide in eight months, falling 4.3 percent in a Toyko market down 0.7 percent on Wednesday.

Last week, Toyota announced it would recall 2.3 million vehicles in the United States to fix potentially faulty accelerator pedals, its second large recall in four months in the United States, its biggest market.

Toyota said the production halt would initially last a week before being reviewed. Officials could not recall a sales or production suspension resulting from vehicle defects on such a scale.

Toyota is considering whether it needs to issue a recall in Europe as well, where the same parts are used for some models.

The sales suspension and recall includes Toyota's top-selling vehicle in North America, the Camry, for model years since 2007.

Also included are the 2009-2010 model year RAV4, Corolla and Matrix, the 2008-2010 model year Sequoia, the 2007-2010 model year Tundra, the 2005-2010 model year Avalon and the 2010 model year Highlander.

The plants where the models are made are located in Indiana, Texas, Kentucky, and in Ontario. ($1=89.22 Yen)


Reuters


Last Mod: 27 Ocak 2010, 12:38
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