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Toyota recalling 1.9M Prius models globally for software update

Toyota has announced a set of voluntary recalls covering 960,000 Prius, RAV4, Tacoma and Lexus RX350 models in the United States to address two separate issues. Worldwide, Toyota will have to recall a total of 1.9 million Prius cars.
The Prius recall affects about 700,000 2010-2014 models in the US, due to a fault in the motor/generator control ECU and hybrid control ECU software. It says that the current software could result in high temperatures on certain transistors and possibly damage them. When it fails, the error forces the car into failsafe mode. Toyota says that in rare circumstances, it could even shut the hybrid system down while the car is being driven.
Toyota spokeswoman Shino Yamada told Automotive News that the software update should take about 40 minutes, and dealers would start to be notified about affected vehicles today. She also told them that the first reported glitch occurred in May 2011 in the US when the system overheated and the car entered failsafe mode. The affected cars were built between March 2009 and Feb. 5, 2014, according to Automotive News. Toyota says that it has received no reports of accidents or injuries caused by either fault.

GT Academy returns, and why Gran Turismo 6 demands a pedal/wheel setup

The path to become a racing driver is a difficult one. It requires starting early, with karts, and then building up through the years and if you're really, really good (and really, really lucky), a team will notice you and sign you up. Or, you know, you could just become really good at Gran Turismo, and beat out other like-minded fanatics for a seat in the GT Academy.
The racing school, which culls its students from the ranks of Gran Turismo players has already pumped out successful racers, most notably, Lucas Ordoñez, who has a second and third-place finish under his belt at the 24 Hours of Le Mans. With the 2014 GT Academy kicking off April 21 and running through June 16, you could have a chance to be the next Ordoñez.
That won't be easy, though. We recently had a playthrough on GT6 the proper way - with a racing seat, pedals and a steering wheel, complete with column-mounted paddles. (Our setup looked just like the one you see above, though that image is from E3.) In other words, it was as close to driving an actual car as most console games can get.

Toyota nears $40B cash reserve as calls grow for new investment, payouts

With the April 15 tax deadline just a few months away, our US readers will be faced with a decision should they get a refund: save or spend? It seems this issue is one many of us face whenever there's a windfall, trying to decide whether we should set the money aside in an account of some sort or use it as a down payment on a new car or a trip to the Apple store. Unsurprisingly, major corporations face a similar, albeit more complex, issue.
Take Toyota, for example. With President Akio Toyoda at the helm, the Japanese manufacturer has gracefully weathered recalls and natural disasters, all while turning beaucoup profits. Last quarter, profits quintupled to 434.4-billion yen ($4.3-billion USD), according to Bloomberg. Toyota also upped its forecast for the end of fiscal year 2013 (which ends on March 31 for Japan), to a record 1.9-trillion yen (about $18.8 billion). Now, the Japanese brand is reportedly sitting on a cash pile of nearly $40 billion, leaving Toyoda-san in an envious predicament - what should the company do with all that money?
Some think Toyota should be doing something, anything with that big stack of cash.