Toyota recalls 1.33 million cars

By Hibah Yousuf, staff reporter


NEW YORK (CNNMoney.com) -- Toyota Motor Corp. said it was recalling 1.33 million Corolla and Matrix vehicles on Thursday, citing problems in engines' electronic control units that have allegedly led to three accidents.

The Japanese automaker said the recall would affect 1.13 million 2005-2008 models in the United States and 200,000 in Canada.

The company said that in two-wheel drive vehicles with the 1ZZ-FE engine, the Engine Control Module's circuit board can crack and cause "harsh shifting" and may prevent the engine from starting.

In some cases, the engine can stop while the vehicle is being driven, the company said.

The National Highway Traffic Safety Administration opened a "preliminary investigation" into this problem at the end of November, and upgraded it last week to a more thorough type of investigation.

The NHTSA documents revealed that the government agency and Toyota have received as many as 1,100 complaints of engine stalling, including six cases that involved crashes or fires.

Toyota said that there are three unconfirmed accidents that are allegedly related to the condition, and one of them has resulted in a minor injury.

The auotmaker will notify owners when parts to replace the Engine Control Modules are available. Toyota will complete the repair at no charge. Owners who have already paid for the replacement of the Engine Control Module to address this problem can get reimbursed.

"This recall is an example of our commitment to standing by our products and being responsive to our customers," said Toyota's chief quality officer Steve St. Angelo in a statement. "Our goals is to help ensure that Toyota drivers are completely confident in the safety and reliability of their vehicles."

Last month, Toyota recalled more than 400,000 older-model vehicles for a steering problem.

The company has been undertaking a massive effort to rebuild its image in the wake of a number of quality and safety problems that came to light earlier this year. In recent months, the automaker has recalled more than 8 million vehicles worldwide for a variety of safety issues, including possible unintended acceleration and problems with anti-lock brake software.

Shares of Toyota Motors (TM), which have slipped more than 18% this year, were down 0.1% in late afternoon trading.  To top of page

Frontline troops push for solar energy
The U.S. Marines are testing renewable energy technologies like solar to reduce costs and casualties associated with fossil fuels. Play
25 Best Places to find rich singles
Looking for Mr. or Ms. Moneybags? Hunt down the perfect mate in these wealthy cities, which are brimming with unattached professionals. More
Fun festivals: Twins to mustard to pirates!
You'll see double in Twinsburg, Ohio, and Ketchup lovers should beware in Middleton, WI. Here's some of the best and strangest town festivals. Play
Find Your Next Car
Index Last Change % Change
Dow 17,098.45 18.88 0.11%
Nasdaq 4,580.27 22.57 0.50%
S&P 500 2,003.37 6.63 0.33%
Treasuries 2.34 0.01 0.39%
Data as of 8:09pm ET
Company Price Change % Change
Bank of America Corp... 16.09 0.08 0.50%
Apple Inc 102.50 0.25 0.24%
Intel Corp 34.92 0.27 0.78%
Facebook Inc 74.82 0.96 1.31%
General Electric Co 25.98 -0.03 -0.12%
Data as of 4:04pm ET

Sections

Three days after the companies said they were cutting ties, American Airlines and Orbitz came to a new agreement. More

Gas prices are falling to nearly $3 a gallon in some parts of South Carolina, and that will soon be common in much of the country. More

Netflix told the FCC that its speed on the Comcast network became so slow that customers began dropping their service. More

Whether you've got wanderlust or an airline grievance, here are some apps to pack onto your phone. More

Five CNNMoney readers share stories about saving that you can learn from: What they would do differently if they had another chance. More

Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.