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Stock Market & Financial Investment News

News Breaks
October 10, 2012
06:19 EDTTMToyota announces voluntary safety recall of certain vehicles for window switch
Toyota Motor Sales, USA announced that it will conduct a safety recall involving approximately 2.5M vehicles to inspect and apply special fluorine grease to the driver's side Power Window Master Switch, or PWMS. The driver's side PWMS may experience a "notchy" or sticky feel during operation. If commercially available lubricants are applied to the switch in an attempt to address the "notchy" or sticky feel, melting of the switch assembly or smoke could occur and lead to a fire under some circumstances. The recall remedy will involve an inspection, switch disassembly, and application of special fluorine grease. The switch inspection and repair will be performed at no charge to the vehicle owner.
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May 14, 2013
15:50 EDTTMToyota class-action settlement could cover 22M former owners, Detroit News says
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May 10, 2013
07:09 EDTTMToyota helped by weaker yen, Bloomberg reports
Toyota’s years of fighting the yen is over, at least for now. The weakening yen breached 100 against the dollar in U.S. trading yesterday, opening the way for Japan to emerge from an unprecedented and largely uninterrupted five-year stretch where the currency’s appreciation beyond that level roiled exporters and their ability to sell cars and other products abroad, reports Bloomberg.Reference Link
06:10 EDTTMOn the Fly: Periodicals Wrap-Up
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