Toyota and Nissan issue fresh vehicle recalls

Sienna minivan Toyota has issued a spate of recalls in recent years which have dented its reputation

Japanese carmakers Toyota and Nissan have issued fresh vehicle recalls.

Toyota is calling back 615,000 Sienna minivans in the US to fix a lever problem that could cause vehicles to shift out of park mode "without the driver depressing the brake pedal".

Toyota said that it was aware of 24 "minor accidents" due to the issue.

Meanwhile, Nissan said it is recalling 908,900 vehicles globally due to a flaw in an accelerator sensor but added that no accidents had been reported.

Nissan said the accelerator pedal's sensor could become unstable, leading to a less-than-intended acceleration. It added that in a worst case scenario, the engine could stall.

Its recall affects Infiniti M, Serena, X-Trail, Lafesta and Fuga models produced in Japan between 2004 and 2013.

Toyota's recall applies to models made during 2004 to 2005 and 2007 to 2009.

This is the second time in a month that Toyota has issued a recall of its vehicles in the US market.

Earlier in September, it issued a recall for more than 780,000 vehicles in the US to address a suspension defect in its RAV4 and Lexus HS 250h models, on fears that an initial recall last year did not fix the problem.

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    MORTGAGE LENDING 10:09:

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    MORTGAGE LENDING 09:52:

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  3.  
    RBS FINE 09:32: BBC Radio 4

    RBS is very sorry for the poor mortgage advice it gave to 30,000 mortgage customers in recent years. Lloyd Cochrane, head of mortgages at RBS and its subsidiary NatWest told the Today programme that it reckons about 4% of those may have been disadvantaged financially. That's about 1,200 people. "We did not do a good enough job [but] very few customers lost out as a result of this," he said.

     
  4.  
    Via Twitter Adam Parsons Business Correspondent

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    FOXTONS 08:56:
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    SCOTTISH INDEPENDENCE 08:36:
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    • Businesses doubt Scottish independence
    • Foxtons earnings jump after strong house sales
     
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    RBS FINE 07:38:

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  12.  
    RBS FINE 07:23:
    RBS pillar sign

    And there's more: "In the firms' own mystery shopping there were examples of advisers giving personal views on the future movement of interest rates," says the FCA. "This was highly inappropriate and may have resulted in the borrower being sold the wrong type of mortgage for them."

     
  13.  
    RBS FINE 07:21:

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  14.  
    FOXTONS 07:16:

    Foxtons, the London estate agency that put the F in flashy, has benefitted from the past year's surge in home sales. Its half-year earnings are up 16% to £73m, and its half-year profits jumped 57% to £23m. That's a huge profit margin. So much so that shareholders are getting a special half year dividend on top of the normal one - £13m in all.

     
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    RBS FINE 07:14:

    The FCA's statement on RBS's failings on mortgage advice include some gems: "The firms [RBS and NatWest] failed to ensure that advice given to customers was suitable. Two reviews of sales from 2012 found that in over half the cases the suitability of the advice was not clear from the file or call recording." This was happening two years ago.

     
  16.  
    RBS FINE

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    RYANAIR BUSINESS 07:04:
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  20.  
    SCOTTISH INDEPENDENCE 06:23:

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    SCOTTISH INDEPENDENCE 06:05:
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  23.  
    06:01: Ian Pollock Business reporter, BBC News

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  24.  
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