Toyota’s freeze on the productions of popular vehicle models and recall of 4.1 million additional vehicles may be reason enough take look at your own vehicle. Toyota announced last week accelerator pedals made by CTS may stick or slowly release from a depressed position on 2.3 million U.S-built cars and light trucks, causing them to speed uncontrollably. Toyota’s public accusation was not lightly taken as CTS shares have fallen 18% since January 20th, day before Toyota pin pointed CTS as the reason for recall.
Massachusetts Division of Insurance has ruled Toyota owners who believe the cause of a previous accident was caused by the sticking CTS pedal may appeal recent and older auto insurance surcharges. The driver appealing auto insurance surcharges must be able to prove the cause of the accident was uncontrolled acceleration. Toyota drivers must also be able to prove the vehicle involved was a recalled model. If you would like to appeal an insurance surcharge know that you must lodge an appeal by March 3oth or within 60 days of receiving a recall notice, whichever occurs latest.
Toyota plans on shipping the necessary replacement parts to dealerships across the country later this week. Technicians will still need to be trained to install the essential parts however Toyota is working to solve this major safety issues as quickly as they can. This is the car manufacturer’s second major recall, the first caused by floor mat entrapment, shaking Toyota’s confidence and share of the auto market.