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Toyota Recalls 1.1 Million Vehicles

Toyota has issued the recall of about 1.13 million 2005 to 2008 model year Toyota Corolla and Corolla Matrix vehicles sold in North America.
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has issued the recall of approximately 1.1 million 2005 to 2008 model Corolla and Matrix vehicles sold in North America to address what may have been improperly manufactured engine control modules.

The company said that three unconfirmed accidents have been reported in connection with the situation. One involved a minor injury.

Toyota said that the engine modules may form a crack at certain solder points or along electronic component parts.

The automaker said that a crack results in "harsh" shifting of the vehicle or the inability of the engine to start. In certain situations, the engine could stop while in the middle of driving.

Shares of Toyota stock have fallen 0.4% to $68.76 in midday trading.

-- Written by Andrea Tse in New York.

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