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1. Set up of auto industry analyst Tim Schuld

2. SOUNDBITE (English) Tim Schuld, Managing Director, Equinet Bank:

"It depends a lot on how much the recall will cost and if there's any bigger problems, but obviously the market is pretty excited about it, because they had such large problems in the past."

3. Cutaway of Equinet Bank logo on glass wall

4. SOUNDBITE (English) Tim Schuld, Managing Director, Equinet Bank:

"Toyota is a forerunner in terms of taking the same products into different cars. And therefore, if they have a problem, it always affects a lot of cars. Every car manufacturer has recalls from time to time, but Toyota tends to have big recalls and big recalls are big problems."

5. Mid of Schuld being interviewed

6. SOUNDBITE (English) Tim Schuld, Managing Director, Equinet Bank:

"It's a tight race, Volkswagen wants to be the number one as well, GM (General Motors) wants to get the number one again, this recall will definitely not help."

7. Wide of Schuld being interviewed

8. SOUNDBITE (English) Tim Schuld, Managing Director, Equinet Bank:

"It's difficult to say, because the number of recalls Toyota had was not so large. It was just few recalls, but every time they had a recall it was a massive recall. So it might be just bad luck, but nobody in this industry is completely immune to such things."

9. Close of Equinet Bank logo

Toyota said Wednesday it is recalling 1.9 (m) million hybrid Prius cars globally for a software glitch that could cause the vehicle to stall.

Toyota Motor Corp. said that 997,000 Prius cars in Japan, some 713,000 in North America, another 130,000 in Europe and the rest in other regions are being recalled for a problem in the software to control the hybrid system.

Analysts say the move has sent ripples through stock markets, as the Japanese automaker has suffered similar massive recalls in the past.

"Toyota is the forerunner in terms of taking the same products into different cars. And therefore, if they have a problem, it always affects a lot of cars. Every car manufacturer has recalls from time to time, but Toyota tends to have big recalls and big recalls are big problems," said Tim Schuld, auto industry analyst and Managing Director of Equinet Bank.

Schuld added the development could affect Toyota's standing in the auto industry.

Toyota earlier this year claimed the top-selling spot for a second year in a row, beating US rival General Motors by some 270,000 vehicles in 2013, and had set an ambitious target to sell more than 10 (m) million vehicles this year.

"It's a tight race, Volkswagen wants to be the number one as well, GM (General Motors) wants to get the number one again, this recall will definitely not help," said Schuld.

No accidents or injuries have been reported related to the problem.

The software could cause transistors to become damaged, causing warnings lights to go off, driving power to be reduced or the car to stop.

The recalled vehicles were manufactured between March 2009 and February 2014.

The manufacturer suffered huge recalls starting in 2009, affecting more than 14 (m) million vehicles for problems including floor mats, gas pedals and brakes.

"The number of recalls Toyota had was not so large. It was just few recalls, but every time they had a recall it was a massive recall. So it might be just bad luck, but nobody in this industry is completely immune to such things," said Schuld.