Toyota lost over $15 billion in market value last week after being caught falsifying tests
Publishing timestamp: 2024-06-10 08:29:44
Summary
Toyota and other Japanese automakers' shares plunged after scandal of false data used in certification applications was revealed by the Transport Ministry. Toyota lost 2.45 trillion Japanese yen in market value last week alone, but shares are recovering. Toyota and Mazda have temporarily halted shipments and sales of certain models. Ministry will conduct on-site inspections of companies involved in misconduct.
Sentiment: NEGATIVE
Tickers: 7269.T-JP, 7272.T-JP, 7267.T-JP, 7203.T-JP, 7261.T-JP,
Keywords: suzuki motor corp, toyota motor corp, mazda motor corp, honda motor co ltd, autos, business news, yamaha motor co ltd,
Source: https://www.cnbc.com/2024/06/10/shares-of-toyota-mazda-honda-suzuki-fall-after-safety-scandal.html