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Toyota recalls 259,119 Camry sedans in China

Thu Apr 23, 2009 9:42pm EDT

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SHANGHAI, April 24 (Reuters) - Toyota Motor Corp (7203.T) is recalling 259,119 Camry sedans in China, one of its largest recalls in the country, to fix faulty brake systems.

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The sedans were made by Toyota's joint venture in south China with Guangzhou Auto between May 15, 2006 and March 3, 2008, the venture said in a statement.

The joint venture started selling the Camry cars in China in 2006, priced at about 200,000 to 250,000 yuan (($29,300-36,620).

Toyota's China spokesman could not be reached immediately for comment but the Shanghai Securities News said the recall would cost the Japanese automaker between 800 million and 1.3 billion yuan.

Toyota also has another car production venture with FAW Group making Reiz and Crown sedans.

Guangzhou Auto is the parent of Hong Kong-listed Denway Motors (0203.HK). ($1=6.826 Yuan) (Reporting by Fang Yan and Jacqueline Wong)

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