More Recalls for Toyota

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The automaker is recalling about half a million hybrids as well as several thousand Camry sedans. Plus: The Dow soars back above 10,000 on hopes for a Greece bailout.

Transcript
More Recalls for Toyota The recalls keep growing at Toyota, the auto maker is recalling about half a million Prius and other Hybrid worldwide to fix brake problems. It’s also recalling more than 7000, 2010 Camry Sedans because of a possible brake fluid leak. Owners should start receiving letters about these recalls next week. Toyota is already under fire for recalling about eight million other vehicles for sticky gas pedals. Insurance giants State Farm says it alerted federal regulators in late 2007 about a rise in reports of unexpected acceleration in Toyota vehicles. Congressional investigators are looking into whether the Government missed warning signs. Congressional hearings into the recent string of recalls were scheduled to begin tomorrow but they’ve been postponed because of the weather. On Wall Streets stocks rally big on news European Governments may help Greece pay off its debts. The Dow rose a 150 points to close back above 10,000 and the NASDAQ at a nearly 25. McDonalds says sales slipped more than a half of percent in the US last month but rose more than 4% in the rest of the World. McDonalds says it’s still out pacing its competitors in the US with its Breakfast Dollar Menu. For more, just head to CBSMoneyWatch.Com. In New York I’m Alexis Christoforous.
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