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CORRECT (1/26): Toyota Recall Gives Quality Reputation Fresh Black Eye

TOKYO -(Dow Jones)- Toyota Motor Corp. (7203.TO) said Wednesday that it will recall 1.705 million vehicles worldwide due to faulty parts including defective fuel devices, giving the company's once-prestigious reputation for quality another black eye.The Japanese auto maker said that 1.28 million vehicles in Japan and a combined 421,000 vehicles in North America, Europe and other markets, including nearly 245,000 Lexus sedans sold in the U.S. are subject to recall.This is the third straight instance of Toyota starting the year with a safety warning affecting more than one million of its cars, minivans and SUVs. The company announced recalls of some 3.4 million vehicles in January of 2010 and 1.36 million vehicles in January of 2009, both among its biggest to date. The latest recall came just days after it claimed its title as the world's largest car maker for the third year in a row and threatens to tarnish anew its reputation among car buyers."Toyota has been using more common parts in...

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