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Toyota recalls 2.4 million hybrid cars

06:34 PM | 5 Oct, 2018
Toyota recalls 2.4 million hybrid cars
TOKYO - Japanese auto manufacturer Toyota has recalled more than 2.4 million hybrid cars over a fault that could cause crashes, just a month after another recall affecting hybrids.

The firm in September said it was recalling more than one million hybrid cars globally after uncovering a technical problem that could cause fires.

The latest announcement affects several models of the Prius and its Auris hybrid vehicles produced between October 2008 and November 2014, with more than a million of the affected cars in Japan.

Another 830,000 are in North America, 290,000 in Europe, 3,000 in China, and the rest in other parts of the world.

In a statement, Toyota said the cars had already been involved in previous recalls in 2014 and 2015, but "the remedy conducted then did not anticipate the new condition identified in this recall".

The problem identified arises when the cars fail to enter "failsafe driving mode as intended".

"If this occurs, the vehicle could lose power and stall. While power steering and braking would remain operational, a vehicle stall while driving at higher speeds could increase the risk of a crash," Toyota said.

Japan´s transportation ministry said Toyota had reported three malfunctions locally related to the issue, but no accidents.

The car giant last month issued a recall for 1.03 million cars globally over an issue related to wiring that could cause fires in vehicles.

"We can´t assess the impact of the recall immediately as we first need to analyse details of the problem, but the latest recall at least raised concerns as Prius is Toyota´s leading brand," said Satoru Takada, an analyst at TIW, a Tokyo-based research and consulting firm.

But the news had little impact on Toyota shares, which ended marginally lower.

Toyota has sold more than 12 million hybrid gasoline-electric vehicles globally, including the Prius, since 1997.

In 2016, it announced the recall of 3.37 million vehicles globally over problems with airbags and a fuel emission control unit.

The writer is a member of the staff. He can be accessed on Twitter @iamnozair

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Currency Rates in Pakistan - Pakistani Rupee to US Dollar, Euro, Dirham, Riyal 13 June 2024

Pakistani currency rates against US Dollar and other currencies on June 13, 2024 (Thursday) in open market.

USD to PKR Rate Today

US dollar was being quoted at 277.6 for buying and 280.65 for selling.

Euro's buying rate stands at 296 and selling rate is 299 while British Pound rate is 350.5 for buying, and 353 for selling.

UAE Dirham AED was at 75 and Saudi Riyal at 75.9.

Source: Forex Association of Pakistan. (last update 08:00 AM)
Currency Symbol Buying Selling
US Dollar USD 277.6 280.65
Euro EUR 296 299
UK Pound Sterling GBP 350.5 353
U.A.E Dirham AED 75 75.9
Saudi Riyal SAR 73.1 73.85
Australian Dollar AUD 182 184
Bahrain Dinar BHD 740.88 748.88
Canadian Dollar CAD 204 206
China Yuan CNY 38.38 38.78
Danish Krone DKK 40.14 40.54
Hong Kong Dollar HKD 35.66 36.01
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.91 1.99
Kuwaiti Dinar KWD 908.19 917.19
Malaysian Ringgit MYR 59.3 59.9
New Zealand Dollar NZD 170.79 172.79
Norwegians Krone NOK 25.97 26.27
Omani Riyal OMR 723.52 731.52
Qatari Riyal QAR 76.42 77.12
Singapore Dollar SGD 203.5 205.5
Swedish Korona SEK 26.4 26.7
Swiss Franc CHF 309.94 312.44
Thai Bhat THB 7.56 7.71

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