In a written statement, Toyota said it's issuing the recall to update software in the vehicles' stability control systems, which help control loss of traction during turns due to front- or rear-wheel slippage. Toyota said its engineers have looked into the concerns raised by Consumer Reports and are "confident" the software update will address these worries.
|2010 Lexus GX 460 sport utility vehicle.|
Toyota said it expects all its Lexus dealers to have the software updated by the end of April. Last week, the automaker asked its dealers to temporarily suspend sales of the vehicles after Consumer Reports complained of a safety risk involving loss of traction at the rear of the GX 460.
-- Reported by Andrea Tse in New York
Twitter and become a fan on Facebook.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV