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Monday, February 08, 2010
Japan Transport Min Likely To Announce Prius Recall Later Tuesday - Source
By Norihiko Shirouzu, The Wall Street Journal; norihiko.shirouzu.wsj.com
Dow Jones Newswires
TOKYO -(Dow Jones)- Japan's Transport Ministry is likely to announce details of a plan by Toyota Motor Corp. (7203.TO) to recall its gasoline-electric hybrid Prius later Tuesday, a person familiar with the matter said.
The recall comes as the Japanese auto maker seeks to cope with ongoing recalls affecting over 8 million cars in the U.S., Europe, China and other markets across a range of models. Those recalls, to fix problems related to gas pedals, could cost up to $2 billion, Toyota said last week.
The person familiar with the matter said that Toyota itself will also likely hold a briefing in Tokyo on the Prius recall later Tuesday.
Copyright © 2009 Dow Jones Newswires
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