Toyota Launches Prius Minivan, Orders Above Target

- Toyota Launches Prius Minivan, Orders Above Target



Jun 14, 2011

Toyota Motor Corp (NYSE:TM) has received 52,000 orders for the new Prius hybrid minivan in Japan, only one month after its launch. The new model, called the Prius Alpha had an initial sales target of 3,000, set by the company.

The original Prius hybrid model received 180,000 orders after its June 2009 relsease in Japan. The Prius also had a monthly sales goal at launch of around 10,000.

Toyota Motor has a potential upside of 15.9% based on a current price of $79.72 and an average consensus analyst price target of $92.4.

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Toyota Recalling 106,000 Prius 2001 - '03 Models to Replace Steering Wheel Nuts

- Toyota Recalling 106,000 Prius 2001 - '03 Models to Replace Steering Wheel Nuts



Jun 1, 2011

Toyota Motor (NYSE:TM) announced today that it is conducting a voluntary recall of 106,000 Toyota Prii made from 2001 to 2003 globally, to replace nuts that hold the steering wheel in place that may come loose.

According to the company's statement, "If the steering wheel is repeatedly and strongly turned to the full-lock position, there is a possibility the nuts securing the pinion shaft of the steering gear box assembly may become loose."

Toyota dealers will install improved nuts at no charge to the owner. Notification letters will begin being sent in early July 2011, and the repair will take approximately four hours, depending on the dealer's schedule.

The recall includes 52,000 vehicles sold in the United States from the 2001 - 2003 period.

Shares of Toyota Motor are trading down 0.7% at $82.71.

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Toyota Sells Its Millionth Prius In The U.S.

Toyota Sells Its Millionth Prius In The U.S.



Toyota Motor Co (NYSE:TM) announced today it has sold its 1 millionth Prius hybrid in the United States. The company has sold more than 2 million in total across the globe over the last decade, including the U.S.

The car-maker said the Prius has been the top selling hybrid in the U.S. since it began selling 11 years ago.

The Prius is powered by both a gasoline engine and an electric motor, and can get up to 51 miles per gallon in the city and 48 mpg on the highway.

The car has become increasingly popular as gas prices have gone up. Sales in Japan tripled in 2009, becoming the country's best selling car and overtaking the U.S. as the largest market for the vehicle.

Shares of Toyota Motor are trading down 0.58% at $77.18.