Toyota To Resume bZ4X EV Sales After Recall: Report

  • Toyota Motor Corp TM is expected to resume sales of its electric vehicle, bZ4X, after rectifying issues concerning wheels detachment.
  • The safety issue led to the automaker recalling 2,700 units worldwide.
  • Toyota has submitted the cause of the defect and remedial steps to Japan’s transport ministry, Bloomberg reported.
  • In the note, the automaker said freshly designed hub bolts will be used to attach the wheels instead of the old ones that led to the loosening.
  • Also ReadToyota Shares Pop On 17% Growth In US September Sales
  • The report noted the company will resume Japan sales of the bZ4X on October 28 and is yet to reveal the date for the U.S. sales.
  • Toyota has been attempting a shift towards electrification with its pledge to invest ¥4 trillion ($28 billion) to fuel its EV push.
  • Price Action: TM shares closed lower by 1.26% at $138.09 on Wednesday.
  • Photo Via Wikimedia Commons
Market News and Data brought to you by Benzinga APIs
Posted In: NewsMediaGeneralBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!