Technofriends

This is hard news for those of you bought Toyota Hybrid cars in 2010, you might have to send the car back as Toyota is recalling around 40000 of its new Hybrid Cars.

The decision to recall the cars was taken after a software bug was found in its ABS technology. Toyota will recall 437,000 vehicles worldwide, including the latest Toyota Prius and Sai, along with the Lexus HS250h.

Last week, the company admitted a problem with the software that controls the anti-lock braking system of the 2010 model of the car and said it had found a solution for cars that started to roll off of the assembly line in Japan last month.

Last week Toyota posted a $1.7 billion profit for the quarter ending December 31. The company also upgraded its forecast and is projecting to end the fiscal year in March to an $880 million profit. The company previously forecast a $2.2 billion loss this year.

In the wake of the recalls, Toyota’s share value has dropped about 20 percent.

via CNN

Image source: Business Pundit

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