Toyota Motor shares fell for the sixth straight day following news of more recalls of millions of vehicles due to faulty accelerator pedals and floor mats.
Toyota shares fell 2.1% to 3,485 yen in morning trade in Tokyo and ended the day down 1.97%. They have lost 15% in the last five days.
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“Toyota’s stock might fall further until the impact on earnings and profits from the recall becomes clear,” Hiroaki Kuramochi, chief equity marketing officer at Tokai Tokyo Securities, told the news agency.
US Congressional investigators are seeking e-mails and other documents from Toyota and US safety regulators about the automaker’s recall which has seen it stop sales and production of some North American models.
It would be the first congressional review of its kind since the same committee investigated defective Firestone tires linked to deadly Ford Explorer SUV rollovers in 2001.
On Thursday, Toyota said it would extend its safety recall of some cars to Europe and China.
