Toyota RAV4 Fire Risk Is Focus of U.S. Investigation
(Bloomberg) -- The National Highway Traffic Safety Administration has opened an investigation into a defect that could put 1.9 million of Toyota Motor Co.'s RAV4 SUVs at risk of catching fire.
The RAV4 is Toyota's top selling car, with 430,000 units sold in the U.S. in 2020.
The agency's Office of Defects Investigations said the probe covers model year 2013 to 2018 Toyota RAV4s that have battery frames which may result in the sudden loss of electrical power, vehicle stalling, and/or a fire originating in the engine compartment.
“Toyota is aware that NHTSA has opened this investigation and we are cooperating with the agency,” the company said in a statement.
The investigation started after NHTSA received 11 complaints from drivers who experienced electrical loss in the affected cars, including seven who reported the issue occurred while driving.
“Drivers experienced stalling prior to the thermal event in half of the instances where the vehicle was in motion,” the agency said. “The 12-volt battery was identified as the area of origin in a majority of the incidents reviewed.”
NHTSA said “improper battery installation or prior front end collision repair was a factor” in the incidents. “Despite these external influences on the battery retaining method, the overall number of vehicle fire allegations with the battery as the area of origin is larger than its peer population,” the agency said.
No injuries or deaths were reported in any of the complaints that NHTSA received.
©2021 Bloomberg L.P.
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
-
Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.
-
'Never Seen This Level Of Negativity': Sandeep Tandon Says The Next Rally May Be Closer Than You Think
Veteran investor Sandeep Tandon says foreign selling is easing, large-caps are due a comeback and mid-caps are crowded, while he turns positive on gold, power and pharma this Diwali.
-
Indians Stay With Family, Not In Hotels | The Reason Why
India still lacks enough clean, reliable and affordable hotels for budget-conscious travellers.