Toyota Prius Hybrid Recall – True or Not?

Consumers all over the world are confused with some rumors of Toyota Prius Hybrid recall. According to some latest news, many of them said that rumors on Toyota Prius Hybrid recall is true, but some of them said that it’s still not clear. To read one of the latest news who inform about Toyota Prius Hybrid recall, please read this following news.

Toyota Motor Corp will recall its 2010 model Prius hybrid in Japan this week to repair a problem with the vehicle’s braking system, two people familiar with the matter said, adding to global recalls of almost eight million autos for separate defects. This will be followed by similar steps in the US, Europe and other markets, a source familiar with its plans said.

Toyota plans to recall at least 2,70,000 of the gasoline-electric hatchbacks in Japan and the US. Juergen Stolze, a spokesman in Germany, said the carmaker will decide whether to recall Prius in Europe by February 10.

A Prius recall may further tarnish Toyota’s reputation after the company lost about $33 billion in market value amid expanding global recalls of other models. Those recalls have yet to include any vehicles in Japan. “It’s really shocking,” said Koichi Ogawa, chief portfolio manager at Daiwa SB Investments Ltd in Tokyo. “The damage to Toyota will be big.”

Ririko Takeuchi, a spokeswoman in Tokyo, said the company hasn’t decided whether to recall the Prius. Stolzedeclined to say what the carmaker’s decision will be regarding recalls in Europe. There haven’t been any proven cases of brake failures in the Prius in Europe, he said.

Japan’s government ordered Toyota to investigate the Prius after receiving complaints from drivers. The company has been looking into reports that Prius owners driving at low speeds on bumpy or icy roads may experience moments where the car continues to coast for about a second after the brakes are applied, because of the anti-lock brake system.

Toyota also plans to recall Lexus HS250h and Sai hybrid models in Japan this month, one of the people said. Toyota fell 1.1% to close at 3,280 yen in Tokyo trading on Monday.

Original article on “Toyota Prius Hybrid Recall” above at financialexpress.com

This was posted on Monday, February 8th, 2010 at 12:45 pm