This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Toyota Recalls: Are Ford, Honda, Nissan Just as Bad?

Stocks in this article: TM F HMC NSANY

( Toyota Recall story updated with information on Toyota' April 28 recall announcement on early-2003 Toyota Sequoia SUVs.) AUTO RECALL PHOTO GALLERY: 2010 Toyota Prius

NEW YORK ( TheStreet) -- The scale of Toyota's (TM) vehicle recalls has been undeniably shocking.

In Sept. of 2009, Toyota announced a recall of approximately 3.8 million vehicles in the U.S. due to floormats that, according to Toyota, had a penchant for coming loose and forcing down accelerators. The problem was suspected in crashes involving Toyota cars that have killed five people.

In Jan. 2010, Toyota issued a series of recalls on 5.6 million vehicles in the U.S., due to sudden acceleration in some vehicles -- the largest-ever recall for Toyota, and among the biggest for an automaker in U.S. history. In February, Toyota recalled another 437,000 units of its 2010 Prius, Sai, Prius PHV (plug-in hybrid) and Lexus HS250h hybrids. Then on March 9 Toyota announced that it would be recalling its 2004-2009 Priuses after news of a runaway car incident the previous day.

On that day, a 61-year-old Prius driver found himself in the national spotlight after his accelerator got stuck and took his car to a speed of 94 mph on a San Diego Highway. Fortunately, he was corralled to safety with the help of highway patrolmen.

Then, in the same week, another runaway Prius went on a rampage, according to reports. Reports say that a 56-year-old woman was backing out of a driveway in Harrison, N.Y., when her 2005 Prius suddenly accelerated out of control and sent her crashing into a stone wall. According to reports, the ensuing damage was substantial, but no one was seriously hurt.

Toyota's problems touched other carmakers too: France's PSA Peugeot Citroen said it recalled nearly 100,000 Peugeot 107s and Citroen C1s made in the Czech Republic, where Toyota and PSA jointly make cars.

1 of 7

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs