It seems like poor Toyota is seeing a string of bad luck lately.  After posting their first loses (ever as I recall) Toyota is now having to deal with massive recalls.  Apparently the car giant is recalling more then 100,000 cars in China because of a problem that could cause steering loss. 

Reuters is reporting that there are several models effected by this recall:

“Toyota Motor Corp (7203.T) is recalling 121,930 cars in China to fix a problem that could result in loss of steering control.

The 54,657 Reiz and 62,517 Crown sedans were made by Toyota’s venture with FAW Group between February 2005 and October 2006, Toyota said in a statement seen on Friday.”

This is quite the shock coming from the highly praised Toyota.  It seems like the company has always had a very high standard of excellence and quality.  As stated earlier, Toyota has already suffered the bad news of losses totalling nearly two billion dollars, add to that the cost of recalling and fixing over one-hundred-thousand cars and things are starting to look a bit bleak for the car maker. 

On the bright side Toyota does indeed have a long lasting reputation for production a very high quality auto, so I suspect that this will be  a temporary set back, because as soon as people can buy cars, many will certainly buy Toyota’s for their high quality, great gas mileage, and excellent resale value.

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