CHARLOTTE, NC (WBTV) - Toyota the titan is shrinking right before our eyes in a crisis that seems to be getting worse every day.
Toyota Motor Corp. just announced that it is extending an already widespread recall to Europe and China. The problem stems from a faulty accelerator pedal problem.
The Japanese automaker says it doesn't know how many cars it will have to recall overseas. Here in the U.S., production will be halted for at least a week.
Toyota has already halted sales on eight models that represent 57 percent of its sales last year, and the company is about to post its second annual loss.
Analysts say this mess could cost billions.
But, the whole thing is causing American automakers to stand a little taller.
GM and Ford are both offering incentives right now - grabbing an opportunity to reclaim sales and status, as they've both battled a perception problem when it comes to the quality of their cars.
The chase was described as an active police vehicle pursuit involving CMPD officers in the Wilkinson Boulevard area.
More >>The chase was described as an active police vehicle pursuit involving CMPD officers in the Wilkinson Boulevard area.
More >>Crews have rescued a man from the Catawba River in Gaston County after he got stuck on a pile of debris Wednesday afternoon
More >>Crews have rescued a man from the Catawba River in Gaston County after he got stuck on a pile of debris Wednesday afternoon
More >>According to the Albemarle Police Department, officers noticed suspicious activity early Wednesday morning at 12:48 am on Hilco St near the Mazatlán Restaurant located at 1900 Hilco St. in Albemarle.
More >>According to the Albemarle Police Department, officers noticed suspicious activity early Wednesday morning at 12:48 am on Hilco St near the Mazatlán Restaurant located at 1900 Hilco St. in Albemarle.
More >>Don’t procrastinate! Tianza is one of the happiest people I have ever met, and I am sure you will agree!
More >>Don’t procrastinate! Tianza is one of the happiest people I have ever met, and I am sure you will agree!
More >>The incident began sometime before 3 p.m. at the Eastover Psychological building on the 3300 block of Latrobe Drive.
More >>The incident began sometime before 3 p.m. at the Eastover Psychological building on the 3300 block of Latrobe Drive.
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