According to sources, the company is replacing a faulty rubber gasket in about one lakh cars — manufactured before August 2009 and sold in domestic as well as overseas markets, to prevent any possible fuel leakage.
“Toyota had the perfect model for the 1980s and 1990s, but its approach now looks outdated,” said Stefan Lippert, a business professor at Temple University in Japan. “The concentration of decision-making at headquarters is one of the factors behind Toyota’s problems right now.”
The Italian magazine Quattroruote has since reported that the new system will use lithium batteries and an electric motor to cut the fuel requirements of the 599′s V12 by 35 percent.
WASHINGTON — Toyota Motor Corp. faces yet another possible federal investigation, this time of the electric power steering in 2009 and 2010 Corollas. The National Highway Traffic Safety Administration is considering a formal investigation of alleged defects reported in the compact car, agency spokeswoman Karen Aldana said. Automotive News found that the Corolla has been [...]