Toyota Motor Corporation (NYSE:TM) is one of the Most Undervalued Long Term Stocks to Buy According to Analysts. On March 11, Reuters reported that Toyota Motor Corporation (NYSE:TM) is recalling 550,007 vehicles in the United States over faulty seat-back issues, which may cause the seat lock failure.
The National Highway Traffic Safety Administration (NHTSA) noted that this issue increases the risk of injury. According to the report, the recalled vehicles include 2021 to 2024 Highlander and Highlander Hybrid vehicles. These models are facing issues where the second‑row seat backs may not lock into place during adjustment.
The share price of Toyota Motor Corporation (NYSE:TM) has slipped more than 4% following the release (as of 13 Mar, 4:07 pm GMT-4).
Toyota Motor Corporation (NYSE:TM) is a leading Japanese automaker that primarily designs, manufactures, and sells a wide range of vehicles, including sedans, SUVs, trucks, and minivans, along with parts and accessories.
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