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The Lexus GX 460 Is Back on the Market

lexus gsx 400Earlier this month Toyota Motor Company (TM) was forced to halt sales of its Lexus GX 460 after it received a "Don't Buy" rating from Consumer Reports, but the company announced today that the problem has been fixed, and it had resumed U.S. sales.

The problem with the SUVs involved the vehicles electronic stabilizer, which was unable to adequately correct the SUV when sliding out in corners.

Continue reading The Lexus GX 460 Is Back on the Market

More Recalls Involving Toyota SUVs

Toyota Sequoia Safety RecallToyota Motor (TM) was back in the news Wednesday with additional recalls. This time the recall involves its Sequoia sports utility vehicle due to concerns regarding the stability control on the 2003 model year. This is the second time this month that the company has recalled some of its SUVs.

The back's stability control system is supposed to correct a loss of traction in the front or rear tires when the SUV enters a corner. There have been reports that the system activated when the vehicle was moving at slow speed and resulted in drivers not being able to accelerate, and in some cases the brakes coming on and slowing the SUV down unexpectedly.

Continue reading More Recalls Involving Toyota SUVs

Auto recall list for 2007 is suprising

BusinessWeek put together a list of the most recalled new cars in 2007. What is surprising is that four out of the top five vehicles were imports, and not domestic cars. Chrysler's (NYSE: DAI) Jeep Liberty, with 149,605 recalls, was the only domestic in the top 5. Chrysler had three other significant recalls, including the new Dodge Nitro, Jeep Wrangler and Chrysler Sebring. General Motors (NYSE: GM) had two vehicles recalled, while Ford's (NYSE: F) lone recall was from its Expedition line, and only totaled 10,000 SUVs.

Toyota's (NYSE: TM) Sequoia hit No. 2 on the recall list, with 533,000 vehicles recalled. This is a surprising improvement from last year, where Toyota recalled nearly 700,000 vehicles.

The new Volkswagen (OTC: VLKAY) Beetle took No. 1 on the recall list; triggered by the potential for a brake light switch to malfunction in over 1 million vehicles if it was installed incorrectly.

Take a look at BusinessWeek's slide show here.

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