On Thursday, Toyota announced yet another recall, which this time involves nearly 417,000 high-end passenger cars and SUVS in the United States and Canada. The recall aims to fix steering problems.
The recall affects 373,000 of Toyota Avalons in the US and another 4,200 from Canada from the model years 2000 to 2004. In these vehicles, a steering lock bar in these vehicles could break under some conditions.
In addition, Toyota will also recall 39,000 LX470 SUVs from model years 2003 to 2007 in the US and another 520 in Canada. These are being recalled to eliminate the risk of steering shaft disengagement.
Toyota indicated that it would take about two hours to replace the steering column bracket in these vehicles, but did not give an estimate on the cost of the repair.
Labor costs average about $85 per hour in the US, so the US portion of the recall could cost them about $70 million plus the cost of parts.
To date, the automaker has received three reports of accidents involving the Avalons, but no injuries were reported. It is not clear whether the accidents were related to the defect. There have been no reports of accidents involving the recalled LX470 models that have been recalled.