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Toyota makes its fourth global recall involving more than 1M vehicles this year

Toyota Motor Corp. made its fourth global recall involving more than a million vehicles this year, as the worlds largest automaker begins operating with stricter supervision over safety from U.S. regulators.

By Craig Trudell, Bloomberg, Masatsugu Horie, Bloomberg, Yuki Hagiwara, Bloomberg | Updated on October 15, 2014

(Bloomberg) — Toyota Motor Corp. made its fourth global recall involving more than a million vehicles this year, as the world’s largest automaker begins operating with stricter supervision over safety from U.S. regulators.

The carmaker is calling back 1.75 million vehicles, including 759,000 Toyota and Lexus sedans to repair fuel pipes that could leak and raise fire risks. While the automaker may accrue hundreds of millions of dollars to pay for the recall, “the cash risk will be much less” because not all customers will get the repairs, said David Whiston, an equity analyst with Morningstar Inc. in Chicago. The company didn’t provide an estimated cost for the recalls.

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