Company News: Toyota, Procter & Gamble, Mars, Alcoa, DirecTV, Constellation Brands

Another 6.4 Million Dents

Toyota Motor, the world’s No. 1 carmaker, recalled 6.4 million vehicles and issued a big mea culpa that once again dents its reputation for quality. The warning is over five minor flaws found in 27 models. But it comes on the heels of a 2012 recall of 7.4 million vehicles and Toyota’s agreement last month to pay $1.2 million to settle a U.S. criminal probe into its handling of a fatal acceleration problem.

Procter & Gamble agreed to sell three pet-food brands to Mars. The candymaker, which already owns Pedigree and Whiskas, is snapping up Iams, Eukanuba, and Natura for $2.9 billion in cash. P&G wants to focus on core products such as laundry detergent.