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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.
The race to the $25,000 EV in the U.S. car market has been won, but not in the way the auto industry wanted.
SpaceX completed a test flight of its Starship rocket for the first time on Thursday, as the company pushed development of the mammoth vehicle past new milestones.
(Reuters) -- SpaceX's giant Starship rocket survived reentry through Earth's atmosphere on Thursday and splashed down in the Indian Ocean as planned during its fourth test mission after launching from south Texas.
TOKYO -- A safety test scandal in Japan's automotive industry accelerated this week, with Toyota Motor, Mazda Motor and three other major companies disclosing widespread misconduct in the gathering of data used to apply for model certification.
Tokyo — A safety test scandal at Japanese automakers widened Monday, with Toyota Motor and Mazda both halting shipments of some vehicles after Japan’s transport ministry found irregularities in applications to certify certain models.
