WASHINGTON (AP) — The government is investigating whether Toyota delayed a 2005 recall in the U.S. over defective steering rods in trucks and SUVs, despite issuing a similar recall in Japan nearly a year earlier.
The Transportation Department said Monday it was conducting a new review into the gap between the Japanese and U.S. recalls. Automakers must notify the government of a safety defect within five business days of learning of the problem.
Toyota claimed initially after the 2004 Japanese recall that it had little evidence of a U.S. problem.
The U.S. housing market is historically overvalued. Moody’s says these cities may see prices drop up to 10%