**Toyota has announced the recall of an additional 1.1 million cars in the US over concerns about accelerator pedals getting stuck on floor mats.**The new recall comes just one day after the carmaker said it was suspending sales of eight of its most popular US models, and halting some production.
Last week, the company recalled 2.3 million cars with faulty pedals.
The world’s largest carmaker has now recalled almost 8 million cars in the US in the past four months.
Last October, it recalled 4.2 million cars in the US because of worries over pedals getting lodged under floor mats.
Investor concerns
“Toyota’s remedy plan is to modify or replace the accelerator pedals on the subject vehicles to address the risk of floor mat entrapment,” the company said.
The latest recall affects five models: the 2008-2010 Highlander and the 2009-2010 Corolla, Venza, Matrix and Pontiac Vibe.
Toyota shares fell a further 3.9% in Japan, after dropping 4.3% on Wednesday, as concerns about the impact of the recalls on the carmaker’s financial health and reputation gripped investors.
“It is still uncertain how this recall problem will affect Toyota’s profits. But investors are worried it could really pressure the company’s overall earnings,” said Masatoshi Sato at Mizuho Investors Securities.