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Toyota’s (TM) Profit Soared 76%. So Why Recall Over 500,000 Cars?
Toyota (NYSE:TM) just posted a quarter that looked like a triumph on paper, and the stock sold off anyway. Net profit jumped 76% to 1.48 trillion yen ($9.4 billion) for FQ1 2027, reported August 4. A week later, on August 11, the world's top automaker announced a recall of 508,354 US vehicles, including certain 2025-2026 Camry Hybrid models, …