Corporate Bits | CTM announces note 7 exchange procedure

CTM yesterday announced its exchange procedure for the Samsung Galaxy Note 7. From now until December 31, consumers who purchased the phone from CTM can approach any of the telecommunications provider’s branches to apply for a handset exchange.
If the replacement handset is more expensive, the customer will need to pay the balance. For cheaper handsets, the customer will be given a refund of the difference.
CTM said that consumers would only have to present the handset, its original accessories and the receipt upon exchanging.
The operating hours of CTM branches will be temporarily adjusted to facilitate the exchange. Until tomorrow, six CTM outlets will be open until 9 p.m.
For safety reasons, CTM strongly recommends that consumers exchange their handsets as soon as possible.
CTM has sold around a thousand Samsung Galaxy Note 7 handsets. It remains in close communication with Samsung HK to make any appropriate arrangements.

toyota recalls 340,000 prius hybrid cars for faulty brakes

Toyota Motor Corporation issued a global recall of 340,000 gas-electric hybrid Prius cars yesterday (212,000 in Japan and 94,000 in North America) due to defective parking brakes.
Toyota acknowledged the fault after receiving reports of crashes, injuries and deaths. The Japanese automaker refused to provide details, saying it was still looking into the reports.
Toyota said the hybrid car’s parking brake cable can disengage unexpectedly, causing the brakes to stop functioning. A car left in any gear other than park could roll down a slope, potentially causing a crash.
Toyota said 17,000 Prius vehicles had been recalled in Europe, and the rest in Australia and other regions. The faulty models were manufactured between August 2015 and October 2016.
The company said all the vehicles were manufactured at its Tsutsumi plant in Toyota City, Japan, the company’s headquarters and one of a handful of plants worldwide that make the Prius.