Scott Wu, thanks for getting this story out so quickly. It will now show up on the home page for four hours. If new developments justify it, I'll renew this flag for another cycle.
NP Rank:
A leading Japanese business newspaper, Nikkei, reported that a Toyota Prius recall has been confirmed, and Toyota will soon notify Japan's transport ministry and the US Department of Transportation about the expanded recall.
A transport ministry official said the government has yet to receive the recall notice for Toyota Prius. Toyota Motor Co. would not confirm or deny the newspaper's report.
The Prius recall, if confirmed by Toyota, will likely affect 270,000 cars.
Toyota is investigating the potential brake system problem that affect eight models. The news of a possible Prius recall affected the stock price.
The stock fell to 3,265 yen, after dropping 3.5 percent to a 10-month low on Thursday.
Toyota said on Thursday that the recall of more than 8 million vehicles due to problems with unintended acceleration on conventional gas-powered vehicles would cost it up to $2 billion in the January-March quarter.
kuuva
Sunnyvale, California, United States
Uwe Paschen
Narita, Chiba, Japan
Rhonda J Mangus
North Tonawanda, New York, United States
stejeb
United Kingdom
Karl Gotthardt - albertacowpoke
Redwater, Alberta, Canada
Most RecentMost Recommended Comments (4)
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Karl Gotthardt - albertacowpokeat 17:48 on February 4th, 2010
Talk about a major auto industry player go down hill fast.
at 18:39 on February 4th, 2010
That will hurt here and make many Japanese very angry as well. Or rather even more angered by Toyota.
at 23:58 on February 4th, 2010
definitely not a morale booster. All of the Japanese I have worked with over the years were super hard workers and always overly apologetic about their mistakes.
at 00:01 on February 5th, 2010
So much for The Toyota Way. (that is a little mean) Dont worry all of the Japanese will learn from this and they will come back even better.