Toyota Motors (NYSE:TM) Recalls Three Lexus Series Due to Fuel Leakage Problem

The famous Japanese Automobile manufacturers; Toyota Motors (NYSE:TM) are planning to recall more than 400,000 Lexus (NYSE:TM) due to fix fuel leaks which may pose a fire threat. The company is planning to recall the cars from the US region. The recalls will be for the 2006 – 2011 GS, 2007 – 2010 LS and the 2006 – 2011 IS models from the USA. Lexus (NYSE:TM) is the luxury vehicles based brand of the famous Japanese automobile company: Toyota Motors.

The Lexus (NYSE:TM) series offer super luxurious sedans, SUVs, hybrids and Convertibles. The brand is responsible for 9% of Toyota’s net profit. Moreover, Lexus provides Toyota Motors (NYSE:TM) with annual revenues $30 billion. In fact, Lexus (NYSE:TM) has made its position quite prominent in the American luxury vehicles market. Lexus (NYSE:TM) is gaining popularity in the American market and this in turn is great news for the Japanese vehicle manufacturers (NYSE:TM).

Toyota Motors (NYSE:TM) claim the fuel lines installed in the Lexus (NYSE:TM) cars had inner lining of nickel phosphate plating. This plating was used to protect the fuel lines from corrosion. However, the company (NYSE:TM) believes that cars may contain linings with particles moving about the fuel line. These particles could come in contact with the gasket and this may cause the gasket to weaken and deteriorate and result in leakage of fuel which could trigger dangerous fire hazards.

However, the company (NYSE:TM) has stated that till now, no incident has been reported and they are sure this extra safety check will prove that the company (NYSE:TM) does not compromise on its standards. The recall was initiated when the company (NYSE:TM) received a call in 2010 from a Lexus (NYSE:TM) customer claiming that he had been experiencing odors of gasoline coming from the engine room. The reports were given on Friday by the US National Highway Traffic Safety Administration.

Toyota Motors (NYSE:TM) claimed that the company investigators did not find anything unusual in the cars system until now. Now, when the problem has been diagnosed the company is planning to recall the 423,000 Lexus models in October. The company also received some 238 warranty claims for this problem and about six other reports of the same issue. In fact the company also received problems in some of the 2009 Lexus (NYSE:TM) models which come with an inner aluminum coating.

The team had to broaden their investigation and respond to these reports as early as possible. The company has announced that the cars should be taken to the dealers as soon as possible in order to get the repairs done. The company will carry out these necessary repairs free of cost. This necessary step will benefit Toyota’s (NYSE:TM) reputation in the international market. Plus, this step is quite crucial because several lives could be at risk due because of this under lying problem.