Toyota Recalls Over 43K Hybrid SUVs In US Over Concerns Of Tow Hitch Falling Off
Portfolio Pulse from Anan Ashraf
Toyota is recalling 43,395 Sequoia Hybrid SUVs in the U.S. due to concerns about the tow hitch potentially detaching. The recall affects 2023 and 2024 models, with Toyota offering free repairs. This follows a previous recall in June for airbag issues.
August 30, 2024 | 12:29 pm
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Toyota is recalling 43,395 Sequoia Hybrid SUVs in the U.S. due to a tow hitch issue. This recall could impact Toyota's reputation and sales, but the company is addressing the issue with free repairs.
The recall of over 43,000 vehicles due to a safety issue could negatively impact Toyota's stock in the short term due to potential reputational damage and costs associated with the recall. However, the company's proactive approach in offering free repairs may mitigate some negative effects.
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