Most of the cars involved in the recall were sold in the U.S. but some were also shipped to other countries, and the recall is related to vehicles with Toyota's 2GR-FE engine, Reuters added.
The cars' fuel delivery pipe may leak as it was not properly welded by Toyota's supplier company, and could lead to an increased risk for a fire.STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
The car models being recalled are the 2015 Lexus RX, and the 2014 Avalon, Camry, Highlander, and Sienna, Reuters said.
Shares of Toyota are higher by 1.83% to $119.50 in late afternoon trading on Thursday.
Separately, TheStreet Ratings team rates TOYOTA MOTOR CORP as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate TOYOTA MOTOR CORP (TM) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, attractive valuation levels, growth in earnings per share and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself."
Highlights from the analysis by TheStreet Ratings Team goes as follows: