UPDATE 1-Toyota announces fix in pedal recall

DETROIT, Feb 1 (BestGrowthStock) – Toyota Motor Corp (7203.T: ) on
Monday announced a fix for about 2.4 million of its eight most
popular models involved in a safety recall and sales and
production suspension.

A precision-cut steel reinforcement bar will be installed
at Toyota U.S. dealerships later this week. The smooth rollout
of the fix could lead to a resumption of sales of models
including its biggest seller Camry by the third week of
February, sources said on Friday.

Sales of the models were suspended Jan. 26, and production
of the same models at U.S. and Canadian plants stopped today.
The production suspension will last at least this week, Toyota
has said.

Toyota said it had tested the remedy for the recalled

“Nothing is more important to us than the safety and
reliability of the vehicles our customers drive,” said Jim
Lentz, president and CEO of Toyota Motor Sales U.S.A.

“We deeply regret the concern that our recalls have caused
for our customers, and we are doing everything we can — as
fast as we can — to make things right.”

Stock Market Analysis

(Reporting by Bernie Woodall; Editing by Lisa Von Ahn)

UPDATE 1-Toyota announces fix in pedal recall