NEW YORK (TheStreet) -- Toyota Motor Corp. (TM) announced today that it will recall over 430,000 vehicles, including some Lexus GS, Sienna and Highlander models, as it notified the National Highway Traffic Safety Administration, the Wall Street Journal reports.
Last month the automaker recalled 6.39 million vehicles worldwide.
The majority of the issues involved the Sienna due to a problem with the cable on the spare tire carrier stowed under the vehicle.
An issue with the front passenger seat belt has led to the recall of about 50,000 2014 Highlander and 2014 Highlander HV.
The stock is up 1.60% to $109.79
TheStreet Ratings team rates TOYOTA MOTOR CORP as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:
"We rate TOYOTA MOTOR CORP (TM) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, good cash flow from operations, compelling growth in net income and notable return on equity. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."