CTS Comments on Toyota’s January 21 Safety Voluntary
January 27, 2010 02:44 PM Eastern Time
ELKHART, Ind.--(EON: Enhanced Online News)--CTS Corporation (NYSE: CTS) today provided comments on Toyota’s rece
pedal recall. As previously announced by Toyota, the January 21 voluntary recall results from what Toyota described as “a rare set
which may cause the accelerator pedal to become harder to depress, slower to return or, in the worst case, stuck in a partially depr
Toyota said this condition “is rare and occurs gradually over a period of time.”
As has been publicly stated by Toyota, we have no knowledge of any accidents or injuries that have resulted from this rare potential
on information that Toyota has provided us, we are aware of fewer than a dozen instances where this condition has occurred, and in
the accelerator actually become stuck in a partially depressed condition.
As Toyota stated, this recall is different from and unrelated to the “sudden, unintended acceleration issue” which was the subject of t
2009 Toyota recall. In the November recall, the pedals in Toyota models dated back to model year 2002. CTS became a pedal su
Accordingly, our products are not implicated by the November 2009 recall. The products we supply to Toyota, including the pedal
recent recall, have been manufactured to Toyota’s design specifications.
Toyota is a small, but important, customer of CTS, representing approximately 3% of our annual sales. CTS has been actively work
for awhile to develop a new pedal to meet tougher specifications from Toyota. The newly designed pedal is now tested and parts ar
to some Toyota factories.
CTS is a leading designer and manufacturer of electronic components and sensors and a provider of electronics manufacturing servi
OEMs in the automotive, communications, medical, defense and aerospace, industrial and computer markets. CTS manufactures pr
America, Europe and Asia. CTS' stock is traded on the NYSE under the ticker symbol "CTS.” To find out more, visit the CTS We