Yet Another Recall By Toyota

Toyota has recalled around 17000 Lexus cars and stopped sales of the vehicles after tests conducted by the federal agencies showed that the fuel tank could leak in case of a rear end collision.

The National Highway Safety administration said the defect could cause fire in its filing on the subject.

A Toyota spokesperson said that Company is not aware of the any incidents or accidents happening from the defect pointed out by the National Highway safety administration.

This recall comes amongst questions raised on the company’s recent recall of another batch of cars which were having sudden acceleration problems.

In February, the HS 250h was subject to a recall affecting it and the 2010 Prius hybrid for a braking problem that could extend braking distances. Toyota said it would resolve the problem by reprogramming the antilock brake software on both vehicles.

The company has started working on resolving the situation and hopes to find a remedy shortly.

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Gold again touches new high

Gold has once again started its upward journeyto record levels. As the uncertainty over the world economy continues, investors are once again flogging to the yellow metal in search of safety.

Gold for August delivery rose $10.30 to settle at $1,256.20 an ounce after reaching $1,259.50 earlier in the day. Gold settled at a record high of $1,258.30 a week ago, and reached an intra-day high of $1,266.50 on Monday.

The World leaders are meeting in Toronto, Canada to discuss ways to keep the stimulus going along with keeping the budget deficit on account of stimulus spending in check. This is proving to be a lot tougher than expected.

Already many nations have started cutting back on the stimulus spending, which aggravates the fears of world falling into a recession again. The US has been urging the world that the stimulus package need to continue and budget deficits can be checked and controlled later.

The Uncertainty in this regard has prompted many investors to move funds to Gold which has prompted this fresh rally.