Toyota Recalls Over 100,000 US Vehicles Due to Brake Fluid Leak: NHTSA

Toyota Motor Corporation (NYSE: TM) is recalling over 100,000 vehicles in the United States due to a potential brake fluid leak issue, according to the National Highway Traffic Safety Administration (NHTSA). The recall affects certain 2024 and 2025 model year Toyota Tacoma 4-wheel drive vehicles equipped with 16-inch brakes and 17-inch Toyota wheels. The rear brake hoses in these vehicles can be damaged over time if there is enough build-up of mud and dirt inside the rear wheels from operating under certain off-road conditions. This can result in a brake fluid leak, increasing the risk of a crash.

Toyota will replace both rear brake hoses with improved ones at no charge to customers. Owners of the affected vehicles will be notified by early April 2025. To check if your vehicle is involved in the recall, visit Toyota.com/recall or nhtsa.gov/recalls and enter your Vehicle Identification Number (VIN) or license plate information.

The recall is part of Toyota's ongoing commitment to safety and quality. The company has a history of addressing potential safety issues promptly and effectively. In recent years, Toyota has recalled vehicles for various reasons, including airbag inflator ruptures, seat belt issues, and fuel pump malfunctions. By addressing these issues proactively, Toyota aims to maintain its reputation for reliability and safety.

Toyota's stock price has been relatively stable in the face of these recalls, reflecting investors' confidence in the company's ability to manage these issues and maintain its market position. As of February 11, 2025, Toyota's stock price is $185.06, with a market capitalization of $243327991808. The company's earnings per share (EPS) are $25.15, and its forward EPS is $15.78. Toyota's P/E ratio is 7.3582506, and its forward P/E is 11.727503.

Toyota's financial strength and commitment to safety and quality are likely to continue to drive its stock price and overall market perception in the long term. The company's ability to address potential safety issues promptly and effectively, as demonstrated by this latest recall, is a testament to its commitment to its customers and shareholders. As Toyota continues to innovate and adapt to the changing automotive landscape, investors can expect the company to maintain its position as a leader in the global automotive industry.