Japan’s Toyota Motor could recall its vehicles in Europe because of an accelerator problem that triggered massive recalls in the US, a newspaper reported yesterday.
The world’s largest automaker is considering recalling Corolla, RAV4 and other models produced and sold in Europe, the Mainichi Shimbun reported, adding that it was not clear how many vehicles were involved.
SIMILAR
The models are equipped with similar accelerator pedal parts to those of 2.3 million vehicles recalled in the US, the latest in a series of recalls by Toyota, the daily said.
The Japanese company’s US division said on Thursday that the recall was to correct accelerator pedals on the vehicles that become worn and then in some cases get lodged in a partially depressed position.
The action was separate to an ongoing recall of about 4.2 million Toyota and Lexus vehicles that began last year due to a risk of loose floor mats slipping forward and jamming the pedals.
An unnamed senior official of the company told the daily: “We cannot tell how much this recall will cost, but it can be handled within our reserve [for unexpected troubles].”
But the Mainichi said a decline in Toyota’s reputation for quality following the malfunction may trim its earnings, adding it could take time for Toyota to recover customers’ confidence in its production.
Toyota, which overtook US rival GM in 2008 as the world’s largest automaker, returned to profit in the three months to September and upgraded its outlook for the rest of the year thanks to demand for fuel-efficient cars.
Quanta Computer Inc (廣達) chairman Barry Lam (林百里) is expected to share his views about the artificial intelligence (AI) industry’s prospects during his speech at the company’s 37th anniversary ceremony, as AI servers have become a new growth engine for the equipment manufacturing service provider. Lam’s speech is much anticipated, as Quanta has risen as one of the world’s major AI server suppliers. The company reported a 30 percent year-on-year growth in consolidated revenue to NT$1.41 trillion (US$43.35 billion) last year, thanks to fast-growing demand for servers, especially those with AI capabilities. The company told investors in November last year that
Taiwanese suppliers to Taiwan Semiconductor Manufacturing Co. (TSMC, 台積電) are expected to follow the contract chipmaker’s step to invest in the US, but their relocation may be seven to eight years away, Minister of Economic Affairs J.W. Kuo (郭智輝) said yesterday. When asked by opposition Chinese Nationalist Party (KMT) Legislator Niu Hsu-ting (牛煦庭) in the legislature about growing concerns that TSMC’s huge investments in the US will prompt its suppliers to follow suit, Kuo said based on the chipmaker’s current limited production volume, it is unlikely to lead its supply chain to go there for now. “Unless TSMC completes its planned six
Intel Corp has named Tasha Chuang (莊蓓瑜) to lead Intel Taiwan in a bid to reinforce relations between the company and its Taiwanese partners. The appointment of Chuang as general manager for Intel Taiwan takes effect on Thursday, the firm said in a statement yesterday. Chuang is to lead her team in Taiwan to pursue product development and sales growth in an effort to reinforce the company’s ties with its partners and clients, Intel said. Chuang was previously in charge of managing Intel’s ties with leading Taiwanese PC brand Asustek Computer Inc (華碩), which included helping Asustek strengthen its global businesses, the company
TikTok abounds with viral videos accusing prestigious brands of secretly manufacturing luxury goods in China so they can be sold at cut prices. However, while these “revelations” are spurious, behind them lurks a well-oiled machine for selling counterfeit goods that is making the most of the confusion surrounding trade tariffs. Chinese content creators who portray themselves as workers or subcontractors in the luxury goods business claim that Beijing has lifted confidentiality clauses on local subcontractors as a way to respond to the huge hike in customs duties imposed on China by US President Donald Trump. They say this Chinese decision, of which Agence