Toyota recalls 1.7 million vehicles for fuel leaks
1/26/11 YURI KAGEYAMA (AP/ YAHOO!). Jan 26, 2011.
TOKYO – Toyota recalled nearly 1.7 million cars worldwide Wednesday for fuel leaks, the latest in a ballooning number of quality problems that could add another dent to its tarnished reputation in the crucial U.S. market.
Toyota's latest recalls are mostly in Japan, but they also include the IS and GS Lexus luxury models in North America, where the world's No. 1 automaker faces the biggest obstacles to winning back customer trust.
There were no accidents suspected of being related to the latest recall, according to Toyota. The car maker said it had received 77 complaints overseas, 75 of them in North America, and more than 140 in Japan.
Koji Endo, auto analyst with Advanced Research Japan Co. in Tokyo, said the latest recall will cost Toyota about 20 billion yen ($240 million), and that won't hurt its earnings performance by much.
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