Toyota Recalls 2.7M Vehicles Over Steering, Pump Issues

Law360, New York (November 14, 2012, 5:29 PM EST) -- Toyota Motor Corp. on Wednesday recalled 2.77 million vehicles worldwide over separate problems with their steering shafts and water pumps, a setback that comes just one month after the automaker issued its largest-ever recall for a single car part.

The recall affects approximately 670,000 Prius vehicles from model years 2004 to 2009 in the U.S., though other models, including the Corolla, have been called back in other countries.

Most of the affected vehicles were recalled because their steering intermediate extension shaft may not have been heat-treated...
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.