Toyota Motor Corp (ADR) (TM) Recalls 1.6 Million Vehicles for Takata Air Bag Issues

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Toyota Motor Corp (ADR) (NYSE:TM) can’t seem to catch a break. They have now had to recall approximately 1.6 million vehicles for the second time, due to Takata Corporation airbags — The same airbags that the company originally said were safe.

It comes as no surprise that Takata is at the root of this issue as they have had plenty of other airbag related issues as of late.

Toyota stock decreased 0.02% or $0.02 on November 27, hitting $123.84. About 530 shares traded hands. TM has declined 12.29% since April 24, 2015 and is downtrending. It has underperformed by 11.16% the S&P500.

Out of 2 analysts covering Toyota Motor Corporation (NYSE:TM), 0 rate it “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. Toyota Motor Corporation was the topic in 2 analyst reports since August 19, 2015 according to StockzIntelligence Inc. Jefferies downgraded the stock on October 9 to “Hold” rating.

TOYOTA MOTOR CORPORATION is a Japan firm mainly engaged in the automobile business and financial business. The company has a market cap of $214.13 billion. The Firm operates through three business divisions. It has 10.41 P/E ratio. The Automobile segment is engaged in the design, manufacture and sale of car products, including sedans, minivans, 2BOX cars, sport-utility vehicles and trucks, as well as the related parts and accessories.

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