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Toyota recall spills over to France's Peugeot, Citroen
It said the recall affects less than 10% of the two models in circulation in Europe.The Peugeot recall "is relatively small compared to Toyota's and hence we see limited impact from a financial perspective," Credit Suisse analyst Arndt Ellinghorst is quoted by the news service as saying. "But it is negative from a reputational perspective."Peugeots and Citroens haven't been sold in the U.S. in decades, but they are important brands in Europe. Their troubles are similar to those of other makers that are being caught in Toyota's web. General Motors shared a plant near San Francisco where it built the Pontiac Vibe, which is subject to the recall. And Ford's partner in China is ins...
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Toyota dealers, consumers scramble on recalls
Last month, Toyota announced the recall of 2.3 million vehicles with potentially sticky pedals. Among the models affected: 2009-2010 Corollas, 2005-2010 Avalons and certain models of the 2007-2010 Camry, the nation’s best-selling sedan. In November, Toyota had launched a separate recall of 4.2 million Toyota and Lexus models, largely spurred by the crash last summer of a Lexus ES 350 in Santee. California Highway Patrol Officer Mark Saylor and his Chula Vista family died in the incident that investigators believe was caused when the gas pedal lodged in an ill-fitting floor mat, accelerating the car up to 150 mph. Some dealerships had hoped to begin the floor-mat-related rep...
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