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January 27, 2010
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| 10:34 EDT |  | GPI |
| | 10:13 EDT |  | GPI |
| | 10:00 EDT |  | GPI |
| theflyonthewall.com: | Auto suppliers weak following Toyota production and sales halt | | Auto parts suppliers are falling, after Toyota (TM) said that it would temporarily stop selling eight models of its automobiles, representing more than 50% of its U.S. revenues. The Japanese automaker is taking the unusual move because of several complaints about sticking accelerator pedals in Toyota vehicles. As a result of Toyota's sales halt, the auto maker will cut production at seven of its North American plants for at least one week. Toyota has blamed a single supplier - identified as CTS Corp. (CTS) - for the accelerator problem, according to USA Today. In early trading, CTS slumped 35c, or 4.06%, to $8.28, while Johnson Controls (JCI) lost 49c, or 1.65%, to $29.21 and Magna International (MGA) inched down 0.59% to $55.95. :theflyonthewall.com |
| | 09:44 EDT |  | GPI |
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