Pre-emptive Toyota recall

[marmar]

from 24/7WallStreet:



This Toyota Recall is Different (TM)
Posted: November 30, 2010 at 9:38 am


After the hit to its reputation for its slow-motion recall of more than 8.5 million cars earlier this year, Toyota Motor Corp. (NYSE: TM) has apparently learned its lesson. The company has revealed a problem with the electric water pump in about 650,000 Prius models. Some 380,000 were sold in the US. The company will replace the pumps before it receives any reports of accidents or injuries caused by the defective part. Actually, the problem is unlikely to cause an accident or injury unless a driver over-reacts when the ‘Check Engine’ light comes on.

The water pump, which cools the hybrid system, not the engine, could be slow to activate. That would raise the hybrid system’s coolant temperature and trip the car’s ‘Check Engine’ light. If the components get too hot, the Prius automatically reduces power to prevent further damage.

Toyota characterizes the recall as a “customer satisfaction campaign”, according to Agence-France Presse. A Toyota spokesman also said the recall was voluntary, not legally required. ...........(more)

The complete piece is at: http://247wallst.com/2010/11/30/this-toyota-recall-is-different-tm/