Next Big Issue for Software Stocks Will Be Sharp Cuts in Earnings Estimates

Reuters

Toyota, Subaru shares drop on “embarrassing” recalls of first EVs

Toyota Motor shares slipped after it recalled some of its first mass-made all-electric cars, launched two months ago, because of a risk of wheels coming loose, a setback to its ambitions to electrify its model range. Toyota, the world’s largest automaker by sales, said on Thursday it would recall 2,700 bZ4X SUVs globally. Subaru Corp, in which Toyota has a nearly 20% stake, also said it was recalling about 2,600 units of the Solterra, a related model.

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