42,000+ Hybrid Vehicles Affected by Brake Assist Error
- Toyota recalls over 42,000 Corolla Cross Hybrids due to power-brake issue
- Error in skid-control electronic-control unit causing loss of power-brake assist
- Recall applies to 2023 and 2024 model Corolla Cross Hybrids with specific brake actuator assembly from Bosch’s German plant
- Software update to fix the issue provided at no cost by dealers
- Investigation ongoing for other Toyota vehicles with similar software
- No reports of crashes linked to the software error
Toyota has recalled over 42,000 Corolla Cross Hybrid vehicles due to a software error in the skid-control electronic-control unit that may lead to a loss of power-brake assist while turning corners. The National Highway Traffic Safety Administration (NHTSA) reported that the issue can be resolved through a free software update provided by dealers. Affected vehicles include 2023 and 2024 model Corolla Cross Hybrids with a specific brake actuator assembly supplied by Robert Bosch GmbH’s German plant. The automaker is investigating if other Toyota vehicles equipped with similar software are also impacted. No crashes have been reported in connection to the error, and owners will be notified on November 5.
Factuality Level: 10
Factuality Justification: The article provides accurate and objective information about a Toyota recall due to a software issue in their Corolla Cross Hybrid models. It includes details about the cause of the problem, the affected vehicles, the solution, and when owners will be notified. No exaggeration or personal opinions are present.
Noise Level: 2
Noise Justification: The article provides relevant and accurate information about a specific recall issue related to Toyota Corolla Cross Hybrids, with no exaggeration or irrelevance. It also mentions the steps being taken by the company to address the problem. However, it lacks in-depth analysis or exploration of long-term trends or consequences.
Public Companies: Toyota Motor (TM), Robert Bosch GmbH ()
Key People: Dean Seal (Author)
Financial Relevance: Yes
Financial Markets Impacted: Toyota Motor Corporation and Robert Bosch GmbH
Financial Rating Justification: The article discusses a recall of Toyota Corolla Cross Hybrids due to a software error, which may impact the company’s reputation and potentially lead to financial consequences. Additionally, it mentions that other Toyota vehicles with similar brake actuators are being investigated, affecting both companies’ stock prices and market value.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no extreme event mentioned in the article and it does not meet the criteria for an extreme event as it is about a recall of vehicles due to a software error.
Move Size: No market move size mentioned.
Sector: Automotive
Direction: Neutral
Magnitude: Small
Affected Instruments: Stocks
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