NAGOYA, Japan -- Toyota Motor's market capitalization has dropped roughly 2.9 trillion yen ($18.5 billion) after a safety scandal became public this week, as investors call into question group governance.
Equities
Toyota testing scandal wipes $18bn from market cap
Hit to earnings seen as minimal, but investors worry about groupwide governance
Toyota Motor has once again lost ground to Tesla on market cap due to the recent testing scandal. © Reuters
Read Next
.jpg?width=700&fit=cover&gravity=faces&dpr=2&quality=medium&source=nar-cms&format=auto&height=394)
_2048x1152.jpg?width=178&fit=cover&gravity=faces&dpr=2&quality=medium&source=nar-cms&format=auto&height=100)
Latest on Equities
.jpg?width=178&fit=cover&gravity=faces&dpr=2&quality=medium&source=nar-cms&format=auto&height=100)