...U.S. flag is seen over large sign: A U.S. flag is seen over a large sign at a Lexus dealership in the Woodland Hills area of Los Angeles Thursday, July 1, 2010. Toyota Motor Corp. says around 270,000 vehicles sold worldwide, including luxury Lexus seda
...U.S. flag is seen over large sign: A U.S. flag is seen over a large sign at a Lexus dealership in the Woodland Hills area of Los Angeles Thursday, July 1, 2010. Toyota Motor Corp. says around 270,000 vehicles sold worldwide, including luxury Lexus seda
engineers.
Toyota has been criticized for taking too long to recall vehicles and is working to move more quickly to address quality problems as they crop up. The automaker was hit with a record $16.4 million fine in the United States for responding too slowly when the recall crisis erupted.
The company still faces more than 200 lawsuits in the U.S. related to accidents involving defective cars, the drop in its stock price and the reduced resale value of its vehicles. The U.S. government has said unintended acceleration in Toyota vehicles may be linked to the deaths of 93 people over the past decade.
The recall announced Monday of 270,000 Lexus vehicles worldwide will replace valve springs, a crucial engine component, that are flawed and could cause stalling in some models.
The company said earlier this week that it knew about the problem for two years and began fixing the problem in newly produced models. Only recently did it think a recall was warranted as complaints began to mount.
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Resumen: TOYOTA, Japan – Toyota Motor Corp. is extending the time it takes to develop new vehicles by about four weeks for more quality checks in the wake of its massive safety-related recalls, a top executive said Wednesday.
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