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Stock impact report

Toyota is recalling its first mainstream electric car because the wheels can fall off [CNN]

Toyota Motor Corporation (TM) 
US:NYSE Investor Relations: toyota-global.com/investors
Company Research Source: CNN
Toyota warned owners of BZ4X electric SUVs to stop driving them because the wheels might fall off. The SUVs only recently went on sale in the United States and the warning and recall announced by Toyota Motor Sales USA on Thursday applies to all approximately 260 BZ4X SUVs that have been delivered to customers so far. BZ4X owners should stop driving the vehicles immediately, according to Toyota's announcement. Bolts that hold the wheels on can loosen after even a relatively small number of miles on the road, allowing the wheels to detach. Toyota is still investigating why this can happen and under what sorts of conditions. Toyota doesn't know, yet, how to fix the issue, the automaker said. Until a remedy has been figured out, Toyota dealers will pick up customers' BZ4Xs and bring them to the dealership and provide free loaner vehicles in the meantime, Toyota said. The Toyota BZ4X and Subaru Solterra electric crossovers were developed jointly by the two Japanese automakers. They Show less Read more
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