June 24, 2024

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Shares of Toyota, Mazda, Honda and Suzuki decline after safety scandal

Shares of Toyota, Mazda, Honda and Suzuki decline after safety scandal

Toyota Motor Corporation Chairman Akio Toyoda bows during a news conference in Tokyo on June 3, 2024. Toyota said on June 3 that it had suspended domestic shipments of three vehicle models after violating government certification rules along with Japanese rivals Honda and Mazda. Suzuki and Yamaha.

Yuichi Yamazaki | AFP | Getty Images

Shares of Japanese automakers have since fallen considerably in the country The Department of Transportation found false data Used to certify certain forms a week before Monday.

Shares of Toyota, Japan’s largest automaker, fell more than 5.4% last week, after the scandal erupted on June 3, but are recovering on Monday. The automaker lost 2.45 trillion yen ($15.62 billion) in market value last week alone.