Toyota Motor Recalls 1.7 Million Vehicles Worldwide

Toyota Motor Corp., the world’s biggest carmaker, recalled about 1.7 million vehicles globally for defects in fuel pipes and pumps, pressure sensors and spare tire carriers.
In Japan, Toyota will recall 1.28 million units of models including the Voxy, Noah and Isis minivans and RAV4 sport- utility vehicles, according to statements from the company. Separately, Toyota said it would conduct a voluntary safety recall of 245,000 Lexus luxury cars in the U.S. to inspect installation of fuel pressure sensors and call back 135,000 Avensis sedans in Europe for potential defects in fuel systems.The automaker, based in Toyota City, Japan, is struggling to recover its reputation for reliability after record recalls, mainly for problems relating to unintended acceleration. General Motors Co., the second ranked global automaker, narrowed Toyota’s lead in 2010 after the Asian automaker’s sales fell 0.4 percent in the U.S.
“After Toyota’s recalls last year, the company is more sensitive to recall issues and conducting them as early as possible,” said Satoru Takada, a Tokyo-based analyst at TIW Inc. “There should be little impact on the stock."
There have been no reports of accidents because of the faults, the carmaker said.
Shares in the automaker fell 65 yen to close at 3,400 yen in Tokyo. Toyota has gained 5.3 percent so far this year.