Scott Wu, thanks for getting this story out so quickly. It will now show up on the home page for four hours. If new developments justify it, I'll renew this flag for another cycle.
Prius Recall Confirmed by Japanese Newspaper Nikkei
A leading Japanese business newspaper, Nikkei, reported that a Toyota Prius recall has been confirmed, and Toyota will soon notify Japan's transport ministry and the US Department of Transportation about the expanded recall.
A transport ministry official said the government has yet to receive the recall notice for Toyota Prius. Toyota Motor Co. would not confirm or deny the newspaper's report.
The Prius recall, if confirmed by Toyota, will likely affect 270,000 cars.
Toyota is investigating the potential brake system problem that affect eight models. The news of a possible Prius recall affected the stock price.
The stock fell to 3,265 yen, after dropping 3.5 percent to a 10-month low on Thursday.
Toyota said on Thursday that the recall of more than 8 million vehicles due to problems with unintended acceleration on conventional gas-powered vehicles would cost it up to $2 billion in the January-March quarter.