Toyota Recall To Cost Excess Of 2 Billion USD
By Sayantika, Gaea News NetworkWednesday, February 10, 2010
NEW YORK (GaeaTimes.com)- The Japanese car manufacturer, Toyota Motor Company, is facing a tough situation these days as people are complaining about defects in some of their reputed models. As per the reports, brake problems in Prius cars have forced the Toyota officials to consider a recall of 270,000 cars of this model, which might lead to a cost excess of 2 billion USD.
It has been reported that the manufacturers of Prius have used latest technologies for the development of the hybrid car, Prius. Therefore, people did not expect that these cars would be subject to brake problems and the latest complaints regarding the glitches in brakes might also affect the reputation of the company adversely. If Toyota will recall the cars that have been subject to brake problems, they might have to bear a cost excess of 2 billion USD.
The Toyota recall that can cost excess of 2 billion USD has been quite surprising for the people, who have been acquainted with the successful history of this company. It has been reported that the owners of the Prius car are worried about the brake problems of this car and are searching for the models, on which the recall is effective. According to the reports, the 270,000 gas and electric models of Prius cars, which were sold in Japan and United States from May to December of 2009 are subjected to recall. Though the recall of Prius cars have been a great cause of concern for the company and can prove detrimental to its business, the officials of the company have declined to issue any statement on the matter.
