Toyota Motor Corp. is recalling around 2.77 million vehicles around the world after some models exhibited problems with the steering and the water pumps. According to Toyota spokesman Joichi Tachikawa, the Japanese carmaker is recalling 670,000 vehicles in the United States, 496,000 vehicles in Europe and 1.5 million vehicles in Japan.
The problem has been traced to the steering intermediate extension shafts, which could sustain damage at slow speed. The problem has been exhibited in second-generation Prius and certain Corolla models and can be fixed in about 50 minutes, Tachikawa disclosed.
Separately, Toyota is recalling 630,000 hybrid vehicles around the world -- including 350,000 in the US and 175,000 in Japan – due to problems in their water pumps. With some vehicles subject of both recalls, this brings the overall figure to 2.77 million vehicles, according to Tachikawa.
The latest recall is the second multi-million car recall in two months. In October, Toyota announced the recall of more than 7.4 million vehicles around the world to fix problems connected to faulty power window switches.
The October recall was the auto industry's biggest single recall since Ford Motor Co. recalled 8 million vehicles in 1996. Toyota made a series of recalls that involved over 10 million vehicles between 2009 and 2011, which tainted the carmaker’s image.
The Japanese company, however, was able to recover and had recently raised its net profit forecast for full-year 2012 to $9.7 billion, citing solid sales. Toyota has sold around 3.3 million Prius hybrid vehicles around the world since the unit was launched in December 1997. As of October 31, 2012, the carmaker has sold around 4.6 million hybrid vehicles worldwide, including figures from the Camry.