Toyota Faces $15 Billion Market Loss After Safety Test Falsification

Japan’s Transport Ministry uncovers widespread data manipulation involving multiple automakers, prompting a halt in production and sales.

Toyota, Mazda, Honda, Suzuki, and Yamaha were found falsifying safety test data.
Toyota's market value dropped by $15.6 billion, with shares falling over 5.4%.
Mazda's shares fell 7.7%, resulting in a $511.8 million market cap loss.
Production and shipment of several models have been temporarily halted.
The Transport Ministry is conducting extensive inspections and considering further penalties.