UPDATE 1-Toyota to fix 1.53 mln Avalon, other cars worldwide

* Toyota to recall 740,000 Avalon, other cars in U.S.

* Toyota to recall almost 600,000 cars in Japan

* No disclosure on cost estimate, earnings impact

* Defects involve brake master cylinder, fuel pump

* No accidents from defects reported – Toyota
(Updates throughout)

TOKYO, Oct 21 (BestGrowthStock) – Toyota Motor Corp (7203.T: ) will
repair about 1.53 million Avalon and other vehicles globally for
problems with the brake master cylinder seal and fuel pump
wiring, with most of those to be recalled in the United States
and Japan.

The announcement comes less than two months after a recall of
1.3 million Corolla and Matrix cars in the United States and
Canada carrying defective engine control modules that could cause
the vehicles to stall. [ID:nN26263013]

Toyota, the world’s biggest automaker, has already recalled
more than 10 million vehicles in the past year, mostly for
unintended acceleration, denting its reputation for quality and
attracting intense scrutiny from U.S. safety regulators.

Toyota said in a filing with Japan’s transport ministry on
Thursday that about 600,000 vehicles spanning 11 models including
the high-end Crown sedan and Lexus IS and GS models were subject
to the recalls, either for the faulty cylinder seal, the fuel
pump wiring or both.

Toyota’s U.S. sales unit said separately it would recall
740,000 Avalon, Highlander, Lexus GS300, IS250 and IS350 cars to
replace a brake master cylinder seal because there was a
possibility that some brake fluid could leak from the cylinder,
causing the brake warning lamp to light up.

Toyota will decide whether to file an official recall in
other markets in line with safety regulations in each market, said
Tokyo-based spokesman Paul Nolasco. The cars subject to the
repairs are sold worldwide, including in Europe, China, South
America, Africa and Oceania.

No accidents were reported from the two defects, Nolasco
said. He said Toyota does not disclose estimates for recall
costs, and had no comment on whether the repairs would have any
impact on its earnings.

Toyota’s shares ended up 0.4 percent at 2,900 yen in Tokyo
after the news, outperforming other Japanese automakers’ shares
and the broader market.
(Reporting by Chang-Ran Kim; Editing by Michael Watson)

UPDATE 1-Toyota to fix 1.53 mln Avalon, other cars worldwide