Thursday, March 29, 2012

Best Wall St. Stocks Today: TM,ECM

Toyota Motor (NYSE: TM) probably recalled as many cars in 2010 as� the company has made since it was founded.

Today, Toyota added to that list–if that is possible. The Japan-based company said “it will conduct a voluntary safety recall involving approximately 1.13 million 2005-2008 Model Year Toyota Corolla and Corolla Matrix vehicles sold in the United States to address some Engine Control Modules (ECM) that may have been improperly manufactured.”

“On vehicles equipped with the 1ZZ-FE engine and two-wheel drive, there is a possibility that a crack may develop at certain solder points or on the electronic component used to protect circuits against excessive voltage (varistor), on the ECM�s circuit board. In most cases, if a crack occurs at certain solder points or on certain varistors, the check engine may illuminate, harsh shifting could result, or the engine may not start. “

In plain English, that means the cars could stall, which would probably be dangerous if it happened on a busy freeway

Douglas A. McIntyre

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