Toyota Loses $15 Billion in Market Valuation, Falsified Data
Following bombshell allegations earlier this year, a new report by the Transportation Ministry of Japan found that Toyota falsified data to certify select vehicles. The news caused the carmaker’s stock valuation to plummet by $15 billion in one week. Toyota dipped an estimated 5.3% following the June 3 report, resulting in a loss of 2.45…