Report: Auto recalls could hit more than 20 million vehicles in 2010

You’ve probably been noticing that there is more recall news in 2010 than ever before – well, there is a reason for that. According to a report by The Detroit News automakers are on pace to recall the most vehicles since 2004 as they respond to safety risks as the federal government presses the auto industry to react faster.

The increase in recalls this year comes due to the highly publicized series of Toyota recalls. Since November, Toyota has recalled more than 8.5 million vehicles, including 6 million in the United States.

In the first 6 months of 2010, the auto industry has recalled 10.2 million vehicles, twice the number recalled during the same period in 2009. With that in mind, the auto industry is on track to recall more than 20 million vehicles in 2010. In 2004, automakers recalled 30.8 million vehicles.

Toyota was also fined a record $16.4 million by the U.S. government for failing to recalling 2.3 million vehicles faster than usual.

– By: Stephen Calogera

Source: Detroit News