Toyota Lexus to recall some 2006-2011 models

DETROIT - Toyota Motor Corp will recall 422,509 of its luxury brand Lexus vehicles in the United States because of a possible fuel leak that increases the risk of fire, U.S. regulators said on Friday.

The recall covers Lexus LS from model years 2007 to 2010, Lexus GS from 2006 to 2011 and Lexus IS from 2006 to 2011.

The National Highway Traffic Safety Administration said fuel might leak where the fuel pressure sensor is attached to the fuel delivery pipe. If a spark occurs, fire could start.

Toyota told the NHTSA that it was not aware of any fires or injuries caused by this condition.

Beginning next month, Toyota is to notify owners of various versions of the three models affected and tell them to bring their vehicles into dealerships for repair.

source: www.abs-cbnnews.com

Which car company is a top PH taxpayer?

MANILA, Philippines – The Bureau of Internal Revenue (BIR) has released a list of top car manufacturers, importers and distributors and the corresponding 2012 income tax dues of these companies to determine if they have been paying the right taxes.

In its latest Tax Watch ad, BIR revealed that Toyota Motor Philippines Corp. and its luxury vehicle arm Lexus Manila Inc. sold the most units and at same time paid the most taxes in 2012.

Toyota and Lexus sold 65,396 units and paid a total of P1.37 billion in income taxes.

Mitsubishi Motors Philippines Corp., which sold 34,915 units, is the second top taxpayer among car brands with P455.29 million taxes paid in 2012.

Hyundai Asia Resources Inc. sold the third most units at 21,996 and paid P234.61 million in taxes.

Honda Cars Philippines came in fourth in units sold, but only paid P25.115 million in taxes. Honda was the only car company listed in the top 5 in sales but failed to make it in the top 5 in taxes paid.

Isuzu Philippines Corp. paid more taxes than Honda at P100.31 million despite selling fewer units at 11,759.

The BIR said the list of top brands based on sales was posted on the website of Top Gear Philippines.

source: www.abs-cbnnews.com

Another Toyota Recall

Another Toyota Recall Toyota plans to recall nearly 270,000 Toyota models over engines that could interrupt due to defective valve springs. Cars involve include the luxury Lexus sedans.

There are roughly 270,000 Lexus brand vehicles affected worldwide. The recall is not yet official and Toyota PR team has not announced their intentions yet. Toyota spokesman Hideaki Homma said the company was taking all measures to reduce the problem of defective engines place while the vehicle is running. He refused to confirm the withdrawal is considered. The agreement with the sources, there are circumstances where the engines produce models of an unusual noise or idle becomes unstable due to defects in components connected and related to the engines.