Another Toyota Recall: Counting the Costs

by Alan Ng July 2, 2010, 13:47

Earlier on, we informed you about the latest details regarding the new recall for car giants Toyota. It has been a few hours since, but we have now learned about the financial implications for Toyota as a result of this recall.

As reported from Reuters, a Japanese newspaper is reporting that the recall could end up costing a total of 20 billion yen, which equates to roughly $228 million US.

Of course, Toyota are yet to confirm these prices, but the newspaper reports that each vehicle out of the 270,000 recalled will cost Toyota 74,000 yen ($844) per vehicle.

This is obviously a major setback for the automaker, who has only just recovered from their first major recall, which involved a problem regarding accelerator pedals.

What are your thoughts on this? Are you a consumer caught up in the midst of Toyota’s latest recall?

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Written by Alan Ng

Alan has been working for Product-Reviews since 2009 and became the Editor-in-chief in 2014. He has a passion for technology, the latest mobile phones and gadgets, and the gaming industry. Alan is a graduate of Canterbury Christ Church University and completed a B.A in Commercial Music in 2008. While expressing a keen interest in all areas that PR cover, you'll usually find Alan in the gaming section, where he'll be keeping enthusiasts up to date on all the latest news and reviews for consoles and PC.

Contact Alan Ng: [email protected]