lexus recall

Lexus Recall Drags Toyota and the Nikkei Lower

Shares were mixed in Asia Wednesday. In Japan the Nikkei 225 Index sank 0.6% as Toyota announced yet another vehicle recall. In China, however, the Shanghai Composite Index gained 1.2% and Hong Kong's Hang Seng Index inched up 0.2%.

Toyota Hits the Brakes on New Car Development

Acknowledging that "fast growth of the past decade has been too much in some areas for the company to keep up with," a Toyota VP says the carmaker will extend product development by four weeks and add 1,000 engineers to quality control.

Another Toyota Recall: 270,000 Vehicles Have Faulty Engines

Toyota Motor Corp. said Thursday about 270,000 cars sold worldwide %u2014 including luxury Lexus sedans %u2014 have potentially faulty engines, the latest quality lapse to hit the automaker following massive global recalls of top-selling models. Japan's top-selling daily Yomiuri said in its evening edition that Toyota will inform the transport ministry of a recall on Monday. The paper cited no sources.

Toyota Recalls 17,000 Lexus HS 250h Hybrids

Toyota has recalled the 2010 Lexus HS 250h hybrid model after government tests showed that in a rear-end collision, it could leak fuel, possibly resulting in a fire. This is the latest in a long string of Toyota recalls over safety defects in its cars.