This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Toyota Gets Complaints on Prius Brakes

Updated from 2:16 a.m. EST

TOKYO ( TheStreet) -- Toyota (TM - Get Report), the world's No. 1 automaker, can't catch a break as brake problems are now being reported on its popular Prius hybrid.

Toyota has received more than 100 complaints in the U.S. and Japan about brake problems with the Prius, the Associated Press reports.

The brake problems come as Toyota is dealing with a massive global recall because of sticking gas pedals. The latest reports have Toyota recalling anywhere from 4.5 million vehicles to 9 million, with 2.3 million in the U.S. alone.

Vehicles Affected in the Toyota Recall

Toyota's reputation is taking a serious hit, as are its sales. On Tuesday, the automaker said U.S. sales fell 16% to a 10-year low. Ford (F - Get Report) sales rose 25%, outselling Toyota for the first time since June 2009.

AP reports the U.S. National Highway Traffic Safety Administration has received about 100 complaints involving the brakes of the Prius new model. Japan's transport ministry said Wednesday it also received 14 complaints since July on brake problems on the Prius.

The new Prius gas-electric hybrid went on sale in Japan and the U.S. in May 2009.

Toyota shares fell almost 6% in Tokyo on Wednesday.

-- Reported by Joseph Woelfel in New York.

Follow TheStreet.com on Twitter and become a fan on Facebook.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
F $15.27 0.00%
TM $138.22 0.00%
AAPL $132.54 0.00%
FB $80.54 0.00%
GOOG $540.11 0.00%

Markets

DOW 18,232.02 -53.72 -0.29%
S&P 500 2,126.06 -4.76 -0.22%
NASDAQ 5,089.3620 -1.4320 -0.03%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs