Mazda is readying to recall over 500,000 vehicles across the world due to a problem with their power steering.
Earlier this week, Mazda said it was recalling more than 300,000 vehicles in North America, including 215,000 in the United States. Today, Mazda said it was widening the recall to markets including China, Europe and Australia, The Financial Times reported.
Worldwide, this will be the largest-ever recall by the Japanese automaker.
The problem lies in the high-pressure pipe in the vehicles' steering assembly. The pipe is susceptible to rusting. In rare cases, this could cause power steering to fail suddenly.
Mazda said there had been three accidents connected to the defects in the United States. There have been no deaths or injuries.
Forex for Beginners
Learn about trading currencies and foreign exchange transactionsView Course »