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toyota earnings

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Toyota Motor Corp. (NYSE: TM) Stock Down After Recall, How to Play It Now

By , Associate Editor, Money Morning • @KyleAndersonMM -

Toyota Motor Corp. (NYSE: TM) stock fell more than 1% Thursday, following Wednesday's recall of every third-generation Prius the company has sold.

The recall covers 1.9 million vehicles worldwide, including 713,000 in North America. Reportedly, a programming glitch in the hybrid system prompted the recall. The malfunction could shut down the hybrid engine, forcing the vehicle to stop, even if it is being driven.

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