Toyota Recalls 106K Priuses Over Steering Wheel Nuts

Law360, New York (June 1, 2011, 5:55 PM EDT) -- Toyota Motor Corp. on Wednesday voluntarily recalled 106,000 first-generation Priuses, almost half of which were sold in the U.S., saying nuts attached to the car's power steering pinion shaft are in danger of loosening.

The recall applies to approximately 52,000 model year 2001 to 2003 Priuses sold in the U.S., Toyota Motor Sales USA Inc. said in a statement. The move comes amid a flood of negative publicity for Toyota, which recalled nearly 8 million vehicles in 2009 and 2010 over defects that caused unintended acceleration....
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.