January 27, 2010
Toyota suspends US sales of 8 models in recall
massive safety recall. This unprecedented move has raised numerous questions about the timing of its earnings recovery.
The company also added that it’ll also halt the production of the models including that of the best-selling Camry, at its plants in the United States and Canada in the first week of February.
Earlier, in the last week, the auto making giant, Toyota announced that the company would recall 2.3 million vehicles in the United States. This was to be implemented in order to fix potentially faulty accelerator pedals. This is Toyota’s second large recall in four months in the United States, which is co-incidentally, its largest market too!
Toyota also added that the production halt would initially last for a week.
