Toyota recalls Corolla and Matrix models
The company is concerned about cracks that could form in the engines of the affected cars.
The recall covers about 1.13 million Corolla and Matrix vehicles from the 2005 through 2008 model years. At least three reported accidents were related to an engine defect that has become the focus of the recall, Bloomberg reports.
This has been a terrible year for Toyota, though its share price Thursday dropped only slightly after the recalls were announced. Over the past 12 months, the company has recalled more than 9 million vehicles -- including the latest one -- for problems including faulty pedals, unintended acceleration and floor-mat entrapment.
For the latest recall, Toyota says it wants to look at some engine control modules that may not have been made correctly, AFP reported.
Starting next month, Toyota will mail letters to owners telling them about the recall. The company said it will send another notice to owners after it gets the parts needed for the repairs.
More about the recall is on this site. Toyota also said concerned owners can call 1-800-331-4331 with questions.
Copyright © 2014 Microsoft. All rights reserved.
Stocks are facing some serious resistance as the bears tear into the market's respite.
VIDEO ON MSN MONEY
Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.
Contributors include professional investors and journalists affiliated with MSN Money.
Follow us on Twitter @topstocksmsn.