Toyota's bulletproof reputation is hurt, know the reason

Toyota Recall Announcement:

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Affected Models:

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Engine Debris Problem:

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No Reported Injuries:

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V35A Engine:

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Cost of Replacement:

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Stock Impact:

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Read More:=

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Toyota's bulletproof reputation is hurt, know the reason

Toyota Recall Announcement:

Toyota is recalling over 102,000 Tundra pickups and Lexus LX SUVs from the 2022 and 2023 model years due to engine issues.

Affected Models:

The recall impacts 98,568 Tundras and 3,524 LX600s, excluding hybrid models.

Engine Debris Problem:

Metal debris left in the engines during manufacturing can cause serious issues like engine knocking and power loss.

No Reported Injuries:

Toyota has received 824 engine warranty claims related to the problem but no reported injuries.

V35A Engine:

The problematic engine is the 3.4-liter twin-turbo V6, replacing the older V8s for better efficiency.

Cost of Replacement:

Engine replacements are free for affected owners, but the estimated cost for Toyota could be close to $1.9 billion.

Stock Impact:

Despite the recall, Toyota’s stock (TM) was up 0.16%, trading at $192.60 per share.

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