Toyota said it had received 12 reports of electrical problems causing the steering system to malfunction for a few seconds in four models, the LS460 and LS460L, and hybrids LS600h and LS600hL, it said.
"We are planning to recall a total of about 11,500 Lexus models worldwide," Toyota spokesman Paul Nolasco told media. The Japanese government said the recall would include around 4,500 Lexus cars domestically. Toyota has pulled around 10 million vehicles worldwide since late last year for safety issues and agreed to pay a record 16.4 million dollar fine to settle claims it hid gas pedal defects blamed for more than 50 US deaths. The beleaguered auto giant faces a host of lawsuits over "unintended acceleration" issues that prompted the majority of the recalls. Toyota overtook General Motors in 2008 as the world's top automaker, but safety issues have raised questions over whether it sacrificed its reputation for reliability to become number one. It still faces looming litigation that could potentially involve massive fines, while US regulators are questioning why a Japanese recall of Hilux trucks in 2004 was not extended to the United States until a year later. Despite the massive recall crisis, the company recently reported a return to profit in the previous fiscal year. http://economictimes.indiatimes.com/news/international-business/Toyota-to-recall-11500-Lexus-vehicles-worldwide/articleshow/5947411.cms -- You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en.
