Toyota suspends sales

As though last week recall on Toyota cars were not enough, now, we got Toyota plants in US (Indiana, Texas and Kentucky) and Canada (Ontario) which will stop production next week, and frankly, they also not sure for how long (it was told to be 1 week).
All their Toyota dealers were instructed to suspend the sales of eight models which was involved in last week recall due to pedal problem.

In Tokyo shares of Toyota fell 2.7 percent on Wednesday, compared with a 0.2 percent fall in the Nikkei average.

An auto analyst quoted “The recall itself won’t be a big problem for Toyota’s earnings, but suspending production and sales could have a big impact depending on how long it lasts,”.

It hurts when their top selling Toyota Camry was in the recall list and also the suspended sales model.The other models are the 2009-2010 model year RAV4, Corolla and Matrix, the 2008-2010 model year Sequoia, the 2007-2010 model year Tundra, the 2005-2010 model year Avalon and the 2010 model year Highlander.

Safety assurance and consumer confidence are very important, that’s why they have to take this drastic action according to the VP of Toyota in US Bob Carter.
He added “This action is necessary until a remedy is finalized, we’re making every effort to address this situation for our customers as quickly as possible.”

Sales Halted List:
2009-2010 RAV4,
2009-2010 Corolla,
2009-2010 Matrix,
2005-2010 Avalon,
Certain 2007-2010 Camry,
2010 Highlander,
2007-2010 Tundra,
2008-2010 Sequoia