The world's best-selling carmaker, Toyota Motor Corp, said it was recalling around 185,000 vehicles globally, including the Yaris compact, owing to a glitch in the electric power steering system that could make the steering heavier.Models of the Yaris, known in Japan as the Vitz, that were made between November 2010 and March 2012, have been recalled. Toyota said it was also recalling the Verso-S, known in Japan as the Ractis, made from August 2010 to August 2011.Short circuits could be caused in the vehicles by water droplets forming on certain wires in the power steering control module. As a result, the power steering assist could be suspended, making the steering heavier, Toyota said in a statement.Toyota is recalling around 130,000 vehicles in Japan, more than 7,400 in Italy, some 7,050 vehicles in Germany and about 7,000 in France, as well as in other countries, including Britain and the United States, spokeswoman Shiori Hashimoto said.
TOYOTA MOTOR CORPORATION is a Japan-based company mainly engaged in the automobile business and financial business. Shares of TM remained unchanged at $124.47. In the past year, the shares have traded as low as $72.04 and as high as $130.99. On average, 743648 shares of TM exchange hands on a given day and today's volume is recorded at 0.
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