Toyota shares slump on safety scandal at Daihatsu, vehicle recall ...Middle East

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Toyota shares slump on safety scandal at Daihatsu, vehicle recall
TOKYO: Toyota Motor shares slumped on Thursday as Japan's transport ministry inspected a subsidiary over safety concerns dating back decades and as the world's top-selling automaker separately announced a recall of 1.1 million vehicles.Shares in Japan's biggest automaker closed down 4.0%, underperforming the benchmark Nikkei average, which fell 1.6%.A day earlier, Toyota's small-car unit, Daihatsu Motor, said it would halt shipments of all of its vehicles indefinitely after discovering more safety-inspection irregularities.An independent committee said it had found issues involving 64 models, including almost two dozen sold under Toyota's brand. The panel had been investigating the unlisted

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