Toyota Gas Pedal Repairs Will Start This Week
Initial cost will top $250M; automaker hit with 2 lawsuits
By Nick McMaster,  Newser Staff
Posted Feb 1, 2010 2:32 PM CST
Salesman Andre Kamali walks next to a Corolla at Magnussen's Toyota dealership in Palo Alto, Calif., Monday, Feb. 1, 2010.   (AP Photo/Paul Sakuma)
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(Newser) – Toyota will start fixing the accelerators on 2.4 million recalled vehicles in the US this week, and production will resume next Monday. Some dealerships say they will stay open around the clock to perform the first round of repairs, which are expected to cost the company $250 million. Meanwhile, separate lawsuits in Canada and the US allege Toyota was negligent in not responding to the problem earlier, Reuters reports.

Parts will start arriving at dealerships tomorrow, and the repair should take about half an hour, the Detroit News reports. Toyota's market value has fallen $20 billion in the last week, and the total of lost sales is even higher—the firm's January sales fell 12% due to the recall fiasco, and a deeper drop is expected for February. The automaker has also lost a week of production after shuttering factories to diagnose the problem.