Honda is recalling approximately 106,000 CR-V hybrid sport utility vehicles due to a battery cable issue that could potentially increase the risk of fire in the event of an accident. Concurrently, Toyota has issued a recall for 1.9 million RAV4 SUVs because of a problem where batteries can shift and catch fire. Additionally, Toyota announced a separate recall of 1.1 million vehicles. The recall has had a noticeable impact on Toyota's market performance, with shares dropping by 4%. These events are unfolding as Japan's transport ministry inspects Toyota's subsidiary Daihatsu over safety concerns that span several decades.
Toyota Motor shares slumped as Japan's transport ministry inspected subsidiary Daihatsu over safety concerns dating back decades and as the world's top-selling automaker separately announced a recall of 1.1 million vehicles https://t.co/g7kzl77rA0 https://t.co/Xv0iZDt71x
Toyota shares slide 4% after vehicle recall, Daihatsu safety issues https://t.co/LPveo02DZP
BREAKING: Toyota recalls a 1M vehicles which isn’t over the air and yet no one cares. https://t.co/Hx5g0LuVa3
Toyota recalls 1.9 million RAV4 SUVs as batteries can shift, catch fire https://t.co/trLPykw6Uw
I don’t recall seeing this plastered on every local news station. “Toyota recalls 1.9 million RAV4 SUVs as batteries can shift, catch fire” 🔥🔥🔥 https://t.co/oG55kSd4nd
Honda To Recall More Than 100,000 Hybrid Vehicles Over Risk Of Fire, Injury In A Crash https://t.co/1QvhQVbL4e https://t.co/HJlbMq6SYg
Honda is recalling roughly 106,000 CR-V hybrid sport utility vehicles because of a battery cable problem that can increase the risk of a fire in an accident. https://t.co/sq1H2hkdNZ