Toyota announced it’s voluntary recalling a total of  almost 3 million vehicles worldwide for steering and water pump issues that have popped up recently, which will make this the second multi-million vehicle recall for the company in just over a month. There haven’t been any accidents or injuries reported thus far from the problems, which can be fixed relatively quickly but will likely cost Toyota hundreds of millions of dollars to repair.

Toyota’s press release on its U.S. site outline the problems for the approximately million vehicles affected in America, but more than half of the vehicles included in the recall are in the company’s home country of Japan.

There are two issues: A steering component that the company is worried could break down after normal wear and tear in about 670,000 Priuses and water pumps that need to be fixed in 350,000 hybrid vehicles. Many of the vehicles have both problems, causing a bit of overlap.

Dealers will inspect the steering shaft involved to determine whether or not it needs to be replaced, as well as the electric water pumps needed to cool the vehicle. If that part malfunctions it could just cause the vehicle to stop while being driven.

Reuters cites an expert who says that while it’s a good thing that Toyota seems to be checking in on itself almost obsessively in regard to vehicle safety, this latest recall could cost them anywhere from $380-$500 million.

Toyota will contact owners of the vehicles covered by the recalls via first class mail starting in December. For more information check out www.toyota.com/recall or call the Toyota Customer Experience Center at 1-800-331-4331.

Toyota to recall 2.8 million vehicles for steering glitch [Reuters]

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