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Toyota Recalls 50,000 Sequoia SUVs

NEW YORK ( TheStreet) -- Toyota (TM - Get Report) has issued yet another recall, this time on about 50,000 early-2003 Toyota Sequoia SUVs to upgrade their stability-control system for controlling a loss of traction during turns.

Toyota will start mailing letters to all 2003 model-year Sequoia owners included in this recall in late May.
Toyota Sequoia
Toyota Sequoia

Wednesday's recall adds to Toyota's massive worldwide recall of vehicles in connection to "sticky" gas pedals, faulty floor mats and sudden acceleration problems, as well as its recent recall of about 9,400 2010 Lexus GX 460 SUVs after Consumer Reports deemed the car a "don't buy," due to traction concerns.

Similar to Wednesday's statement, Toyota said that it was recalling the Lexus models to update software in the vehicles' stability control systems.

-- Reported by Andrea Tse in New York
More on 2010 Auto Recalls
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