Toyota's Market Value Plunges Over $15B Amid Test Falsification Scandal; Mazda, Honda, Suzuki Follow Suit
Portfolio Pulse from Benzinga Neuro
Toyota, Mazda, Honda, and Suzuki face significant stock price drops due to a safety test falsification scandal. Toyota's market value plunged by over $15 billion, and Mazda lost $511.8 million. The scandal has led to temporary halts in shipments and sales of certain models. Additionally, Mitsubishi UFJ Financial Group and Sumitomo Mitsui Financial Group plan to divest $8.5 billion worth of Toyota shares.
June 10, 2024 | 5:38 am
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NEGATIVE IMPACT
ActivePassive International Equity ETF, which includes Toyota, may see a negative impact due to Toyota's stock drop.
The ETF's exposure to Toyota could lead to a negative impact on its performance due to Toyota's stock drop.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Avantis International Large Cap Value ETF, which includes Toyota, may see a negative impact due to Toyota's stock drop.
The ETF's exposure to Toyota could lead to a negative impact on its performance due to Toyota's stock drop.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Honda's stock price dropped due to its involvement in the safety test falsification scandal.
Honda's involvement in the falsification scandal negatively impacts its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 80
NEGATIVE IMPACT
Mitsubishi UFJ Financial Group plans to divest $8.5 billion worth of Toyota shares, potentially impacting Toyota's stock price.
The divestment of Toyota shares by Mitsubishi UFJ Financial Group could lead to further downward pressure on Toyota's stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60
NEGATIVE IMPACT
Mazda's stock fell by 7.7%, resulting in a market capitalization loss of $511.8 million due to the safety test falsification scandal.
Mazda's involvement in the falsification scandal has led to a significant drop in its stock price and market value.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Sumitomo Mitsui Financial Group plans to divest $8.5 billion worth of Toyota shares, potentially impacting Toyota's stock price.
The divestment of Toyota shares by Sumitomo Mitsui Financial Group could lead to further downward pressure on Toyota's stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60
NEGATIVE IMPACT
Suzuki's stock price dropped due to its involvement in the safety test falsification scandal.
Suzuki's involvement in the falsification scandal negatively impacts its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 80
NEGATIVE IMPACT
Toyota's stock dropped over 5.4%, losing more than $15 billion in market value due to a safety test falsification scandal.
The falsification scandal directly impacts Toyota's reputation and financial standing, leading to a significant drop in stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100