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Toyota recalls another 1.1m cars Toyota set for global car recall
(about 2 hours later)
Toyota has announced the recall of an additional 1.1 million cars in the US over concerns about accelerator pedals getting stuck on floor mats. Toyota has announced the recall of vehicles in the US, Europe and China over concerns about accelerator pedals getting stuck on floor mats.
The firm also said the recall would be extended to Europe, but exactly where and which models had yet to be decided. The firm has announced plans to recall 1.1 million more cars in the US a day after saying it was suspending sales of eight popular US models.
The new recall comes just a day after the carmaker said it was suspending sales of eight popular US models. According to an application to China's quality control office, it wants to recall 75,552 RAV4 vehicles there.
Toyota also announced that 750 jobs would be going at its Burnaston plant in the UK before the end of August. Toyota also announced 750 jobs could go at its Burnaston plant in the UK.
The positions would be lost before August.
"[Last year] was a tough year for Toyota Manufacturing UK," the carmaker said."[Last year] was a tough year for Toyota Manufacturing UK," the carmaker said.
"This decision is related to production capacity and efficiency, not to production volumes.""This decision is related to production capacity and efficiency, not to production volumes."
Toyota said no decision had been taken about how the jobs would go, but added that it was not currently considering compulsory redundancies.Toyota said no decision had been taken about how the jobs would go, but added that it was not currently considering compulsory redundancies.
The plant employs about 3,800 people.
Investor concernsInvestor concerns
Toyota wants to recall the RAV4 vehicles in China from 28 February.
The cars in question were manufactured between 19 March 2009 and 25 January 2010 in Tianjin, according to a notice on the website of the General Administration of Quality Supervision, Inspection and Quarantine of the People's Republic of China.
The specifics of the recall in Europe have yet to be decided.The specifics of the recall in Europe have yet to be decided.
Colin Hensley, general manager of Toyota's European operations, said the carmaker was trying to establish how many European models shared the parts used in the cars recalled in the US.Colin Hensley, general manager of Toyota's European operations, said the carmaker was trying to establish how many European models shared the parts used in the cars recalled in the US.
Last week, the world's largest carmaker recalled 2.3 million cars in the US with faulty pedals.Last week, the world's largest carmaker recalled 2.3 million cars in the US with faulty pedals.
It has now recalled almost 8 million cars in the US in the past four months.It has now recalled almost 8 million cars in the US in the past four months.
Last October, it recalled 4.2 million cars because of worries over pedals getting lodged under floor mats.Last October, it recalled 4.2 million cars because of worries over pedals getting lodged under floor mats.
"Toyota's remedy plan is to modify or replace the accelerator pedals on the subject vehicles to address the risk of floor mat entrapment," the company said."Toyota's remedy plan is to modify or replace the accelerator pedals on the subject vehicles to address the risk of floor mat entrapment," the company said.
The latest recall affects five models in the US: the 2008-2010 Highlander and the 2009-2010 Corolla, Venza, Matrix and Pontiac Vibe.The latest recall affects five models in the US: the 2008-2010 Highlander and the 2009-2010 Corolla, Venza, Matrix and Pontiac Vibe.
Toyota shares fell a further 3.9% in Japan, after dropping 4.3% on Wednesday, as concerns about the impact of the recalls on the carmaker's financial health and reputation gripped investors.Toyota shares fell a further 3.9% in Japan, after dropping 4.3% on Wednesday, as concerns about the impact of the recalls on the carmaker's financial health and reputation gripped investors.
"It is still uncertain how this recall problem will affect Toyota's profits. But investors are worried it could really pressure the company's overall earnings," said Masatoshi Sato at Mizuho Investors Securities."It is still uncertain how this recall problem will affect Toyota's profits. But investors are worried it could really pressure the company's overall earnings," said Masatoshi Sato at Mizuho Investors Securities.
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