Huge window switch recall hampers Toyota comeback
The largest recall in Toyota’s 75-year history could undermine the carmaker’s comeback from natural disasters and embarrassing safety problems.
The company on Wednesday recalled 7.43 million cars, trucks and SUVs worldwide to fix faulty power window switches that can cause fires. The recall affects more than a dozen models produced from 2005 through 2010 around the world including the Camry, the top-selling car in the U.S. It’s bigger than the 7 million vehicles recalled two years ago for floor mats that can trap accelerator pedals and cause unintended acceleration.
The recall includes 2.5 million vehicles in the U.S., where it covers about half the models sold under the Toyota and Scion brands.
Recalled U.S. models include the 2007 to 2009 Camry, Tundra pickup and RAV4 small SUV; the 2007 and 2008 Yaris subcompact; the 2008 and 2009 Sequoia large SUV and Scion xD and xA small cars; the 2008 Highlander SUV; and the 2009 Corolla and Matrix compacts.
The problem centers on the power window switch, which is inside the driver’s door and controls when a window is opened or closed. Toyota said grease wasn’t applied evenly to the switch during production, causing friction and sometimes smoke and fire.
The Toyota recall “takes some of the sheen off its recovering brand image and should have a financial impact,” Standard & Poor’s analyst Efraim Levy wrote in a note to investors. Toyota’s U.S. shares fell $1.60, or 2.1 percent, to $74.46 Wednesday afternoon.