Toyota's Quality Control In Question: Japanese Auto Giant Recalls 100K Cars In US Over Engine Debris Fears
Portfolio Pulse from Anan Ashraf
Toyota Motor Corp (NYSE:TM) is recalling over 100,000 vehicles in the U.S. due to concerns about engine debris that could cause stalling and loss of driving power. The recall affects 2022-2023 Tundra and Lexus LX600 models. This comes amid other quality control issues for Toyota, including suspensions of shipments and sales of certain models in Japan.
June 04, 2024 | 10:58 am
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Toyota is recalling over 100,000 vehicles in the U.S. due to engine debris concerns, affecting 2022-2023 Tundra and Lexus LX600 models. This recall adds to existing quality control issues, including recent suspensions of shipments and sales in Japan.
The recall of over 100,000 vehicles due to engine debris concerns is a significant quality control issue for Toyota. This could negatively impact investor sentiment and the stock price in the short term, especially given the recent suspensions of shipments and sales in Japan.
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