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4-Traders Homepage  >  Equities  >  Tokyo  >  Toyota Motor Corp    7203   JP3633400001

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TOYOTA MOTOR CORPORATION : Toyota recalls 160,000 Tacoma pickups in U.S. and Canada

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11/22/2012 | 12:13am CEST

Toyota Motor Corp is recalling about 160,000 Tacoma mid-size pickup trucks from the model years 2001 to 2004 in cold-weather U.S. states and in Canada because the spare tire could fall off.

The spare tire in these Tacoma models is stored beneath the trucks' bed. When the trucks were made, the metal plate that keeps the spare tire in place was not coated with sufficient amounts of phosphate to retard rust, Toyota said.

Two accidents have been reported to Toyota involving vehicles following a Tacoma truck, but they did not result in injuries, a Toyota spokesman said.

Over time and in limited cases, corrosion of the plate could cause it to break, causing the detachment of the spare tire, Toyota Motor Sales, U.S.A. said in a statement on Wednesday.

The recall covers 150,000 trucks originally sold in 20 cold-weather U.S. states and 10,000 trucks in Canada, Toyota said.

Letters will go to the owners of the recalled vehicles in December, Toyota said.

Toyota dealers will replace the spare tire assembly, if necessary, without charge to Tacoma owners.

(Reporting By Bernie Woodall; Editing by Bernard Orr and Leslie Adler)

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Financials ( JPY)
Sales 2018 28 007 297 M
EBIT 2018 -
Net income 2018 1 828 546 M
Debt 2018 9 381 456 M
Yield 2018 3,55%
P/E ratio 2018 9,86
P/E ratio 2019 9,15
EV / Sales 2018 1,03x
EV / Sales 2019 1,02x
Capitalization 19 581 248 M
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Mean consensus HOLD
Number of Analysts 24
Average target price 6 897  JPY
Spread / Average Target 15%
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NameTitle
Akio Toyoda President & Representative Director
Takeshi Uchiyamada Chairman
Osamu Nagata Director, Chief Financial Officer & EVP
Kiyotaka Ise General Manager-Technology & Development
Shigeki Tomoyama General Manager-Information Technology Division
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