Toyota Recall Extended To China, Europe As Defect Is Being Fixed
Toyota is extending its car recall to Asia and Europe, as it is trying to fix the sticking gas pedal in defective cars. In China, 75,500 RAV4's sport-utility vehicles have been recalled over the same gas pedal problem that sparked the recall in the United States. The other seven Toyota models affected by the recall in the U.S. are 2009-2010 Corolla, 2009-2010 Matrix, 2005-2010 Avalon, 2007-2010 Camry (hybrids excluded), 2010 Highlander, 2007-2010 Tundra and 2008-2010 Sequoia. These models will not be pulled in China, as the defective part was only used in RAV4s.
Toyota has also recalled its cars in Europe. The number of recalled cars is still unknown, but some estimates average at 2 million vehicles.
Toyota's stock has dropped by more than 10 points since January 19. The company first recalled 2.3 million of its cars on January 21. But, Toyota's management says it is close to finding a fix for accelerator glitch that led to recalls. The technology is waiting approval from the National Highway Traffic Safety Administration. If it is approved, the fix can be implemented immediately, and the new parts can be received by dealers within two weeks.