This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Toyota to Recall 600,000 Minivans

WASHINGTON -- Toyota Motor Corp. (TM) said Friday it was recalling 600,000 Sienna minivans sold in the United States to address potential rusting spare tire cables that could break and create a road hazard in the latest safety problem to strike the beleaguered automaker.

The recall came as House investigators said they planned to hold another congressional hearing in May to review potential electronic problems in runaway Toyotas. The Japanese automaker has recalled more than 8 million vehicles because of faulty accelerator pedals, humbling a car company long known for its quality and safety.

Company leaders vowed to respond quickly to the safety concerns.

Separately, Toyota said Friday its engineers in Japan had duplicated the same results of tests that led Consumer Reports to issue a rare "don't buy" warning on the 2010 Lexus GX 460 over rollover concerns. Toyota responded by halting sales of new GX 460s and conducting tests on all of its SUVs.

Lexus spokesman Bill Kwong said the company was evaluating potential remedies for the GX 460 but it was "too early to speculate (on) the details of the remedy and its timing."

Toyota said its latest recall covered the 1998-2010 model year Siennas with two-wheel-drive that have been sold or registered in 20 cold-climate states and the District of Columbia. Toyota said rust from road salt could cause the carrier cable that holds the spare tire to rust and break, allowing the tire to tumble into the road. The problem could threaten the safety of other drivers.

Toyota said it was unaware of any accidents or injuries. The National Highway Traffic Safety Administration said it had received six complaints of spare tires falling off Siennas.

The company said it was working on a fix for the problem. In the meantime, customers will receive a notice telling them to bring their vehicle to a dealership for an inspection.

The recall involves Siennas in the District of Columbia and the following states: Connecticut, Delaware, Illinois, Indiana, Kentucky, Massachusetts, Maryland, Maine, Michigan, Minnesota, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, Rhode Island, Virginia, Vermont, Wisconsin and West Virginia.
1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $112.12 2.39%
FB $93.24 0.83%
GOOG $643.61 0.70%
TSLA $220.69 -2.66%
YHOO $32.52 0.46%


Chart of I:DJI
DOW 17,084.49 +33.74 0.20%
S&P 500 2,013.43 +15.91 0.80%
NASDAQ 4,830.47 +19.6820 0.41%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs