U.S. Markets closed

Toyota to recall 1 mil vehicles

In its 3rd recall to involve more than a million vehicles since October, Toyota Motor (TM) will recall nearly 1.3 mil cars globally for 2 separate defects. The recalls include 752,000 Corolla and Corolla Matrix vehicles in the U.S with air bags that can deploy inadvertently. Toyota is also recalling some of the same model vehicles in Japan, Canada and Mexico. The company is trying to recover from a series of recalls between '09-11 related to unintended acceleration problems. Toyota shares were unchanged.