Basic Fun, a Florida-based toy design and development company that since 2019 has owned the Tonka toy brand, has filed for Chapter 11 bankruptcy protection as part of a financial restructuring plan.

The recalled trucks were sold at Sam's Club and Target stores starting in 2023. Tens of thousands of Tonka ride-on toy trucks are being voluntarily recalled as they may pose a burn and fire hazard.

Shoppers can expect to see higher prices at the checkout counter – on goods ranging from avocados to computers to Tonka trucks – with some hikes from the new tariffs coming as early as the end of the ...

Watch the meticulous restoration of a rare 1970s Tonka Formula One Racing Car, one of only two known to exist. Disassembled, ...