Toyota to recall over 110,000 vehicles

Toyota Badge

Toyota said Wednesday that it was recalling certain Camry, Highlander, RAV4 and RAV4 EV vehicles.

The company announced that it will conduct a safety recalls of approximately 2,500 2012-2014 RAV4 EV vehicles, and approximately 110,000 2015 Camry, Camry Hybrid, Highlander, Highlander Hybrid, and 2014-2015 RAV4 cars.

Owners of the involved vehicles will receive a notification in the mail, Toyota said.

For the recall-involved RAV4 EV vehicles, components in the Electric Vehicle Traction Motor Assembly (part of the propulsion system) "may cause the vehicle to shift to 'neutral' due to a software issue," Toyota said.

Read More Global auto sales remain on uptrend: IHS

"If the vehicle shifts to 'neutral', this will result in a complete loss of drive power, which can increase the risk of a crash," the recall notice stated.

For the involved Camry, Camry Hybrid, Highlander, Highlander Hybrid and RAV 4 cars, Toyota's recall said that "a circuit board for the electric power steering (EPS) may have been damaged during its manufacturing process."

This could result in the loss of power steering assist, the notice said, which could lead to "in increased steering effort at low vehicle speeds and increases the risk of a crash."

JefferiesAnd the Best Place to Work in the global financial markets 2016 is...

Register for Financial Markets News Alerts