In response to concerns over unexpected movement in certain vehicles, the U.S. National Highway Traffic Safety Administration (NHTSA) has announced a recall by Toyota Motor Corp (NYSE:TM) (7203.T).
What Happened: On Tuesday, the NHTSA disclosed that Toyota would recall 280,663 pickup trucks and SUVs in the U.S. to address issues related to unexpected vehicle movement when the vehicles are in neutral and the brakes are not engaged, reported Reuters. The automaker will also provide a software update to resolve the problem.
See Also: Rivian Production Plant Puts ‘Ceiling’ On Stock, Analyst Says In Downgrade
The affected vehicles include certain Tundra, Tundra hybrids, and Lexus LX600 models manufactured between 2022 and 2024, as well as Sequoia SUVs produced last year. The software update for the transmission control ECU (electronic control unit) software will be provided free of charge ...