Toyota Recalls Certain Toyota Corolla and Corolla Matrix Models
By Market News Video Staff, Thursday, August 26, 3:38 PM ET
Toyota Motor Sales (NYSE:TM) announced that it will conduct a voluntary safety recall involving approximately 1.13 million 2005-2008 Model Year Toyota Corolla and Corolla Matrix vehicles sold in the United States to address some Engine Control Modules that may have been improperly manufactured.
There are three unconfirmed accidents alleged to be related to this condition, one of which reported a minor injury.
Shares of Toyota are down about 0.4% in New York, while competitor Ford (NYSE:F) is down about 1% and Honda Motor Company (NYSE:HMC) is up 1.05%.
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