Besides taking a huge blow on its reputation, Toyota’s recall of 2.3 million vehicle (on top of 4.2 million vehicles Toyota recalled last fall) with sticking accelerator pedals has caused a lot of damage to others in the industry.
Dealers said they were shocked by what they believe is the Japanese automaker’s first suspension of U.S. sales but said the company is doing the right thing. Toyota announced yesterday that it will stop selling eight models and halt production until it finds a fix for the vehicles that are recalled. Among them is the nation’s best-selling car, the Toyota Camry. The Toyota Corolla is also a part of the recall.
Rental car company Avis Budget Group also announced today that it will pull 20,000 Toyota models covered by the recall until a fix is available.
According to a report by the Detroit News, Federal auto safety regulators said that Toyota was legally required to stop selling the eight models it recalled last week.
Click here to see the list of eight models that the company will stop selling.
– By: Omar Rana
Source: Automotive News, Free Press