Toyota is recalling more than 73,000 vehicles over a pedestrian warning sound not being loud enough for people to hear, according to federal regulators.
In the latest trading session, Toyota Motor Corporation (TM) closed at $207.01, marking a -1.27% move from the previous day.
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Toyota Motor said on Monday global production fell for a fourth successive month in February, dragged down by weaker output in Canada as the automaker changed production from the old to the new RAV4 sport utility vehicle.
Toyota is recalling 144,200 vehicles in the U.S. as rearview camera images may not display when the vehicle is placed in reverse, increasing the risk of a crash, the U.S. National Highway Traffic Safety Administration said on Wednesday.
Japan's investment appeal is rising due to improved business conditions and corporate focus on shareholder returns.
TM's $1 billion U.S. investment targets Kentucky and Indiana plants, aiming to expand Camry, RAV4 and Grand Highlander output.
Toyota announced it would spend $1 billion total at two U.S. plants as part of a plan to invest up to $10 billion domestically over the next five years. The new investments include $800 million at a plant in Georgetown, Kentucky, to increase production capacity of its Camry sedan and RAV4 crossover.
Toyota's tender offer to take supplier Toyota Industries private at a price of 20,600 yen per share was set to close on Monday, with the results expected at or after 3:30 p.m. (0630 GMT) on Tuesday.
The latest trading day saw Toyota Motor Corporation (TM) settling at $205.02, representing a -1.87% change from its previous close.
Toyota Motor (TM) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.