Topic: Growth Stocks

The Wall Street Stock Forecaster Hotline – Friday, January 29, 2010

Article Excerpt

TOYOTA MOTOR CO. ADRs, $77.00, New York symbol TM, fell 12% this week after the company said it would recall 4.1 million cars and trucks made since 2005. The recall was triggered by a problem that could cause the gas pedal to stick in the downward position. The company has also temporarily suspended sales and production of the affected models. Toyota and CTS Corp. (New York symbol CTS), the company that makes the gas pedals, have developed a way to fix the problem by installing an extra part inside the gas-pedal system. If auto regulators approve this modification, Toyota and CTS could start delivering these new parts to dealers within the next two weeks. This latest recall is in addition to Toyota’s November 2009 recall of over five million Toyota and Lexus vehicles that it sold in the U.S. The company recalled these vehicles because their gas pedals could get stuck under their floor mats and cause uncontrolled acceleration. Toyota has…