ELKHART, Ind. - The supplier of gas pedals used in Toyota's eight recalled car and truck brands in Canada and the United States says it knows of only a few cases of drivers having problems with accelerators.
CTS Corp.(NYSE:CTS) says Toyota told it about fewer than a dozen cases in which drivers struggled with pedals. The supplier also says it is not aware of any cases where the pedal became stuck after drivers pushed it down, potentially causing unwanted acceleration.
Toyota has decided to shut down production of recent models, like Camry and Corolla sedans, while it fixes the faulty gas pedals. It says it's rare for pedals to get stuck, but it could happen.
CTS, which has more than 5,000 employees and made the affected parts at a plant just west of Toronto, says it is working with Toyota to design a new pedal.
In trading on the New York Stock Exchange, CTS shares fell 54 cents to $8.08, a drop of more than six per cent.