The magazine said Friday that the Lexus GX 460 2010 Luxury SUV passed the test after a dealer update the software that runs its system of electronic stability control.
Toyota recalled about 10,000 SUVs in the United States in April, after the magazine readers not to buy them. The automaker also stopped selling them.
Consumer Reports said the back of the GX 460 is slid to one side when the testers lifted the foot of the accelerator in a high speed turn on the test track of the magazine. The magazine told readers not to buy the truck because the rear wheels could fall on a sidewalk or off the pavement, increasing the risk of overturning.
Consumer Reports said it had no knowledge of injuries caused by the problem.
Mark Templin, Lexus group vice president and general manager, said in a statement that the automaker was pleased the magazine raised the designation. He said about 75 percent of GX 460 vehicles have received the software update.
- The Associated Press
OTHER NEWS
- HCA Hospital files IPO: Hospital chain HCA plans to raise $ 4.6 billion in an initial public offering of common shares, more than three years after it was taken private in a leveraged buyout by an investor group private capital.
The company’s plans were announced in Nashville on Friday as four IPOs were postponed after the Dow Jones industrial average fell nearly 1,000 points on Thursday and investors worry that the debt crisis could hurt Greek U.S. corporations doing business in Europe.
IPOs dental office Smile provider Brands Group, metals processor Ryerson Real Estate Holding and Investment Trust Capital Madison Square were delayed everything, without negotiation date planned.
HCA did not set a price for its initial public offering of shares or say how many it plans to sell. It said in a filing to the Securities and Exchange Commission it expects gross proceeds of approximately $ 2.5 billion, excluding any additional shares they can sell to their subscribers to cover excess demand. Funds will be used to trim $ 26,860,000,000 in debt and for general corporate purposes.
- Changes to a profit Berkshire: Berkshire Hathaway said on Friday it became a first-quarter profit of 3.6 billion U.S. dollars that the company benefited from an improving economy and investment gains related to the acquisition BNSF Railway.
Berkshire said it earned $ 2,272 for each Class A shares during the quarter. That compares with a loss of $ 990 per share, or $ 1.5 billion a year earlier, as you noted the value of its investment in ConocoPhillips.
President and CEO, Warren E. Buffett discussed the highlights of the quarterly results of Berkshire’s shareholders meeting last Saturday, but did not release details of the quarter until Friday. (Buffett is a director of The Washington Post Co.)
The four analysts polled by Thomson Reuters expected Berkshire for reporting earnings per share of $ 1101.83 on average.