Toyota Motor (TM) Corporation Recalling 550,007 Vehicles ‌in the United States

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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