Toyota: Problem Fixed
Hard-hit automaker announces solution to the recall
Toyota has moved quickly to announce a resolution to the problem, with a press conference this morning and head of U.S. sales Jim Lentz appearing on the "Today" show to discuss the fix. Some Toyota dealerships even announced they would stay open around the clock to install the steel reinforcement bar (in order to reduce the friction that could lead to sticking) on the approximately 2.3 million affected U.S. vehicles.
On the heels of the ongoing unintended-acceleration problem, Toyota announced last week that it had suspended production and sales of eight models, which led to a constant hammering in the press. Consumer Reports even pulled its "recommended" tag from the affected models until it was convinced the problem had been resolved. Kelley Blue Book has also predicted a 4 to 5 percent drop in resale value for affected models over the next several weeks.
(Source USA Today.)
EXPLORE NEW CARS
MORE ON MSN AUTOS
ABOUT EXHAUST NOTES
Cars are cool, and here at MSN Autos we love everything about them, but we also know they're more than simply speed and style: a car is an essential tool, a much-needed accessory to help you get through your day-to-day life. What you drive is also one of the most important investments you can make, so we'll help you navigate your way through the car buying and ownership experiences. We strive to be your daily destination for news, notes, tips and tricks from across the automotive world. So whether it's through original content from our world-class journalists or the latest buzz from the far corners of the Web, Exhaust Notes helps you make sense of your automotive world.
Have a story idea? Tip us off at firstname.lastname@example.org.