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Benzinga

Business

Shivani Kumaresan

Toyota Recalls EVs Over Faulty Wheels: WSJ

Toyota TM NYSE SUV Toyota Motor Corp Wall Street Journal Wikimedia Commons electric vehicle Europe United States

Toyota Motor Corp (NYSE:TM) recalls 2,700 of its first mass-produced electric vehicles (EVs) on tire safety risks, the Wall Street Journal reported.
The auto giant would recall its all-electric 2023 bZ4X SUV after finding fault with bolts that connect the wheels with the vehicle.
Related: Toyota Debuts bZ4X SUV Battery Electric Vehicle
Toyota observed that the bolts loosened after a low-mileage use, leading to detachment of the wheels.
Of the vehicles recalled, 2,200 were earmarked for Europe and 260 for the U.S.
The price of bZ4X starts from $42,000.
Also Read: Toyota Cuts July Production Citing Parts Shortage
Price Action: TM shares are trading lower by 1.56% at $156.65 on the last check Thursday.
Photo Via Wikimedia Commons

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