is your go-to online destination for comprehensive coverage of major news across Asia. From politics and business to culture and technology, we bring you the latest updates, deep analyses, and critical insights from every corner of the continent. Featuring exclusive interviews, high-quality photos, and engaging videos, we keep you informed on the breaking news and significant events shaping Asia. Stay connected with us to get a 24/7 update on the most important stories and trends. Our daily updates ensure that you never miss a beat on the happenings in Asia's diverse nations. Whether it's a political shift in China, economic development in India, technological advancements in Japan, or cultural events in Southeast Asia, has it covered. Dive into the world of Asian news with us and stay ahead in understanding this dynamic and vibrant region.


  • Owner: SNOWLAND s.r.o.
  • Registration certificate 06691200
  • 16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
  • Czech Republic

Toyota lost over $15 billion in market value last week after being caught falsifying tests

Shares of Japanese automakers have largely plunged since the country's Transport Ministry found false data used to certify certain models a week ago on Monday.

The stock of Japan's largest carmaker, Toyota, fell more than 5.4% last week, after the scandal broke on June 3, but is recovering on Monday. The automaker lost 2.45 trillion Japanese yen ($15.62 billion) in market value last week alone.

Shares of Mazda, the country's second-largest automaker, dropped 7.7% in the same period, and lost 80.33 billion yen in market capitalization last week.

The wide-ranging inspection by the Ministry of Land, Infrastructure, Transport and Tourism also found irregularities in certification applications by other automakers Honda, Suzuki and Yamaha.

Last week, Honda's stock fell 5.75% and Yamaha Motor lost 2.2%, while Suzuki Motor inched down 0.3%.

Shares of all those companies were trading higher Monday. Toyota was up 1.7%, Honda gained 2.13% and Mazda increased 1.7%. Suzuki and Yamaha were also marginally higher.

All five companies had submitted false test data, or in the case of Toyota and Mazda, falsified the vehicles used in crash tests.

Toyota announced on June 3, following the ministry's investigation report, that it will temporarily halt shipments and sales of three models currently manufactured in Japan, namely the Corolla Fielder, Corolla Axio and Yaris Cross.

Toyota's chairman, Akio Toyoda, apologized to the company's customers and stakeholders, acknowledging that seven of its models were "tested using methods that differ from the standards defined by the national authorities."

Separately, Mazda said it had suspended the Roadster RF and Mazda 2 from May 30.

Both companies however, said that customers can still continue to drive their