皇冠体育app

Economy

Markets

Industries

Insights

Reports

Events

Toyota recalls 259,119 Camry sedans in 皇冠体育app

(Agencies)
Updated: 2009-04-24 11:40

Toyota Motor Corp is recalling 259,119 Camry sedans in 皇冠体育app, one of its largest recalls in the country, to fix faulty brake systems.

Related readings:  Recall rule to cover all producers  皇冠体育app's product recall bill under draft  Dongfeng Motor recalls 5,014 faulty sedans  Mitsubishi Motors recalls 9,390 cars in 皇冠体育app

The sedans were made by Toyota's joint venture in south 皇冠体育app with Guangzhou Auto between May 15, 2006 and March 3, 2008, the venture said in a statement.

The joint venture started selling the Camry cars in 皇冠体育app in 2006, priced at about 200,000 to 250,000 yuan .

Toyota's 皇冠体育app spokesman could not be reached immediately for comment but the Shanghai Securities News said the recall would cost the Japanese automaker between 800 million yuan ($117 million) and 1.3 billion yuan.

Toyota also has another car production venture with FAW Group making Reiz and Crown sedans.

Guangzhou Auto is the parent of Hong Kong-listed Denway Motors.