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Toyota Motor Corp (NYSE:TM): Current Price $96.10
Toyota Motor Corp (NYSE:TM) has announced the recall of 907,000 vehicles due to faulty airbags and another 385,000 Lexus IS luxury cars featuring defective wipers. The cars with the airbags problem are mostly Corolla models manufactured between December 2001 and May 2004. Apparently, the airbags inflate on their own when the car’s electronic signals damage a chip in the component that controls the airbags, according to a Toyota spokesman. In the other lot, the wipers get stuck in the event of heavy snowfall. Toyota had to pay up over $1 billion in settlements last month over an earlier recall relating to vehicles suffering from sudden acceleration issues.
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