The stock prices of major Japanese automakers, including Toyota Motor Corp. (OTC:TOYOF), Mazda Motor Corp. (OTC:MZDAY), Honda Motor Co., Ltd. (OTC:HNDAF), and Suzuki Motor Corp. (OTC:SZKMY), have taken a hit following a safety scandal.
What Happened: The Japanese transport ministry discovered that false data was used to certify certain models, leading to a significant drop in the stock prices of these automakers, reported CNBC on Sunday.
Toyota, the largest carmaker in Japan, saw its shares plummet by over 5.4% last week, resulting in a market value loss of 2.45 trillion Japanese yen ($15.62 billion). Mazda, the second-largest automaker in Japan, experienced a 7.7% fall in its shares, leading to a market capitalization loss of 80.33 billion yen ($511.8 million).
Other automakers, including Honda, Suzuki, and Yamaha, were also found to have submitted false test data or falsified vehicles used …
Full story available on Benzinga.com
The stock prices of major Japanese automakers, including Toyota Motor Corp. (OTC:TOYOF), Mazda Motor Corp. (OTC:MZDAY), Honda Motor Co., Ltd. (OTC:HNDAF), and Suzuki Motor Corp. (OTC:SZKMY), have taken a hit following a safety scandal.
What Happened: The Japanese transport ministry discovered that false data was used to certify certain models, leading to a significant drop in the stock prices of these automakers, reported CNBC on Sunday.
Toyota, the largest carmaker in Japan, saw its shares plummet by over 5.4% last week, resulting in a market value loss of 2.45 trillion Japanese yen ($15.62 billion). Mazda, the second-largest automaker in Japan, experienced a 7.7% fall in its shares, leading to a market capitalization loss of 80.33 billion yen ($511.8 million).
Other automakers, including Honda, Suzuki, and Yamaha, were also found to have submitted false test data or falsified vehicles used …
Full story available on Benzinga.com
The stock prices of major Japanese automakers, including Toyota Motor Corp. (OTC:TOYOF), Mazda Motor Corp. (OTC:MZDAY), Honda Motor Co., Ltd. (OTC:HNDAF), and Suzuki Motor Corp. (OTC:SZKMY), have taken a hit following a safety scandal.
What Happened: The Japanese transport ministry discovered that false data was used to certify certain models, leading to a significant drop in the stock prices of these automakers, reported CNBC on Sunday.
Toyota, the largest carmaker in Japan, saw its shares plummet by over 5.4% last week, resulting in a market value loss of 2.45 trillion Japanese yen ($15.62 billion). Mazda, the second-largest automaker in Japan, experienced a 7.7% fall in its shares, leading to a market capitalization loss of 80.33 billion yen ($511.8 million).
Other automakers, including Honda, Suzuki, and Yamaha, were also found to have submitted false test data or falsified vehicles used …Full story available on Benzinga.com Read MoreAPIE, Asia, AVIV, Equities, HMC, HNDAF, Kaustubh Bagalkote, mobility, MUFG, MZDAY, News, SMFG, Stories That Matter, SZKMY, TM, TOYOF, why it’s moving, Global, Markets, HMC, US4381283088, TM, US8923313071, SMFG, US86562M2098, MZDAY, US5787871038, SZKMY, US86959X1072, TOYOF, HNDAF, AVIV, MUFG, APIE, News, Equities, Asia, Global, Markets, Benzinga Asia
