The automaker said Wednesday that the safety recall covers its Prius, Prius plug-in hybrid and C-HR SUV models and is intended to repair a problem with their electrical systems, which in some cases can cause fires.
More than half of the affected vehicles are in Japan, while just under 200,000 are in the United States. The rest were sold in Europe and other markets. US drivers will start receiving recall notices by mail this month.
Toyota (TM) said the problem involved wire harnesses that connect to the cars' power control units. These can wear away over time, generating heat.
"If sufficient heat is generated, there is an increased risk of a vehicle fire," a Toyota spokesman in Tokyo told CNN on Wednesday. He declined to comment on whether the defects have resulted in any injuries or deaths.
The recall applies to cars produced between June 2015 and May 2018. The company said it would provide fixes to customers free of charge.
Top 5 Stocks To Buy Right Now: Orocobre Limited (OROCF)
Advisors' Opinion:- [By ]
In April 2018, Nemaska (OTCQX:NMKEF) drew nearly $100 million in investment from Japan's SoftBank (OTCPK:SFTBY) group in exchange for a 9.9% interest in the company and access to lithium hydroxide produced by the company. In March 2018, CATL the world's soon-to-be largest lithium battery manufacturer purchased a controlling stake in the Quebec Lithium project in consideration for $66 million. In February 2018, Korean steel giant, POSCO (PKX) announced a supply agreement and investment into Australian lithium miner Pilbara Minerals (OTCPK:PILBF). In January 2018, Toyota Tsusho (OTCPK:TYHOF), the strategic trading arm of Toyota Motors, invested approximately A$300 million in Orocobre (OTCPK:OROCF) in consideration for 15% of the company. Now, in April 2018, Swedish battery start-up NorthVolt has announced that it has signed an agreement for the supply of up to 5,000 metric tons per year of lithium hydroxide produced at Nemaska Lithium's commercial plant in Shawinigan, Quebec. In connection with the supply of lithium chemicals, NorthVolt has agreed to deliver to Nemaska a 10 million euro promissory note that can be converted into voting shares of NorthVolt.
- [By ]
Early-stage lithium producer Orocobre (OTCPK:OROCF) has been busy developing its Argentine flag-ship asset at Olaroz. The company has managed to scale up the asset to around 12,000 T / year LCE with a nameplate production capacity of 17,500 T / year. Although the company has not achieved full production capacity at its asset, it has moved ahead with joint venture partner Toyota Tsusho (OTCPK:TYHOF) to develop plans for Phase 2. In January 2018, Orocobre announced that Toyota Tsusho would invest nearly $300 million for a 15% stake in the company, along with plans to double production capacity at Olaroz to 42,000 T LCE / year. The joint venture is also building a lithium hydroxide facility in Japan which will supply the local battery supply chain.
Top 5 Stocks To Buy Right Now: Global Net Lease, Inc.(GNL)
Advisors' Opinion:- [By Dan Caplinger]
Thursday was a great day on Wall Street, as major benchmarks responded favorably to news that the U.S. and China would meet again to try to negotiate their differences on the trade front. The manufacturing-heavy Dow Jones Industrial Average fared the best out of the most-followed indexes, reflecting the key role that global trade plays in those companies' opportunities for revenue growth and profit. Broader-based measures did well but weren't able to keep up with the Dow in percentage terms. Still, some individual companies suffered from bad news that sent their shares lower. Dillard's (NYSE:DDS), MiMedx Group (NASDAQ:MDXG), and Global Net Lease (NYSE:GNL) were among the worst performers on the day. Here's why they did so poorly.
- [By Stephan Byrd]
Get a free copy of the Zacks research report on Global Net Lease (GNL)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Shane Hupp]
Global Net Lease (NYSE:GNL) released its quarterly earnings data on Tuesday. The financial services provider reported $0.49 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.04), Bloomberg Earnings reports. Global Net Lease had a return on equity of 1.72% and a net margin of 9.09%. The business had revenue of $68.09 million for the quarter, compared to analyst estimates of $66.87 million.
Top 5 Stocks To Buy Right Now: Toll Brothers Inc.(TOL)
Advisors' Opinion:- [By ]
LG Homes (LGIH) : "I like Lennar (LEN) and I also like Toll Brothers (TOL) ."
GrubHub (GRUB) : "I've been riding this one for a long time. It might be time to take some profits. "
- [By Motley Fool Staff]
We've been getting reports -- like the one from Redfin (NASDAQ:RDFN) recently -- that the housing market is getting saturated. And yet, shares of Toll Brothers (NYSE:TOL) popped 12% after the homebuilder reported better-than-expected profits and increased guidance. What gives?
- [By Joseph Griffin]
Mizuho set a $46.00 price target on Toll Brothers (NYSE:TOL) in a report released on Friday. The brokerage currently has a buy rating on the construction company’s stock.
- [By Lee Jackson]
This company is more focused on the higher end of the market, and business remains good. Toll Brothers Inc. (NYSE: TOL) is a leading U.S. homebuilder with a focus on luxury suburban and urban markets. It operates in four distinct geographic segments, building homes catering to move-up, empty-nester, active-adult and second-home buyers.
- [By Logan Wallace]
Shares of Toll Brothers Inc (NYSE:TOL) have received an average rating of “Buy” from the twenty-one ratings firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and twelve have issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $50.78.
- [By Stephan Byrd]
SG Americas Securities LLC increased its holdings in shares of Toll Brothers Inc (NYSE:TOL) by 16.3% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 236,904 shares of the construction company’s stock after purchasing an additional 33,144 shares during the period. SG Americas Securities LLC’s holdings in Toll Brothers were worth $8,763,000 as of its most recent SEC filing.
Top 5 Stocks To Buy Right Now: Microsoft Corporation(MSFT)
Advisors' Opinion:- [By ]
Akamai has long been rumored to be a prime takeover candidate by big-tech names such as Cisco (CSCO) and Microsoft (MSFT) . Credit Suisse tech analyst Brad Zelnick recently speculated the most ideal fit for Akamai would be IBM (IBM) .
- [By ]
Whether it was a self-fulfilling prophecy or simply really strong momentum (or both), the year-end Bloomberg analysis showed that the FAANGs (or a slight modification on that acronym) were instrumental in 2017's record-setting market performance. In fact, taken together, Facebook, Apple, Amazon, Microsoft (Nasdaq: MSFT) and Google (or Alphabet, as Google is known now) accounted for 25% of the S&P 500's rally.
- [By ]
Microsoft Corporation (Nasdaq: MSFT) is no longer reliant on Windows and Office as it once was but has built an $886 billion conglomerate in cloud, social media, and consumer electronics. The company has a firm hold on the #2 position in cloud services and uses this to maintain its leadership in productivity even as the company shifts to the cloud.
Top 5 Stocks To Buy Right Now: Tiptree Financial Inc.(TIPT)
Advisors' Opinion:- [By Joseph Griffin]
TRADEMARK VIOLATION WARNING: “Tiptree (TIPT) Raised to C at TheStreet” was posted by Ticker Report and is the sole property of of Ticker Report. If you are reading this piece of content on another site, it was stolen and reposted in violation of United States and international copyright & trademark law. The original version of this piece of content can be accessed at https://www.tickerreport.com/banking-finance/3350618/tiptree-tipt-raised-to-c-at-thestreet.html.
- [By Tim Melvin]
This week, I ran across Tiptree Inc. (Nasdaq: TIPT) on the list of stocks with the highest VQScores. Tiptree fits most of my parameters as well so I spent a little time digging into the company further.
- [By Stephan Byrd]
Tiptree Inc (NASDAQ:TIPT) CFO Sandra Bell sold 8,682 shares of the business’s stock in a transaction on Monday, September 17th. The shares were sold at an average price of $6.55, for a total transaction of $56,867.10. Following the completion of the sale, the chief financial officer now directly owns 41,881 shares of the company’s stock, valued at $274,320.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
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