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Toyota, Subaru shares drop on recalls of their first EV models

Channel News Asia LogoChannel News Asia1w ago

Toyota, Subaru shares drop on recalls of their first EV models

Quick Summary

TOKYO :Shares of Toyota Motor Corp and Subaru Corp dropped on Friday after the two Japanese car makers announced recalls of their first mass-produced electric vehicles (EV) for the global market because of a risk the wheels could come loose.

The company has repeatedly pushed back against the criticism, arguing the necessity to offer a variety of powertrains to suit different markets and customers.

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Article Details

Category: Economy

Topics: Subaru Cent Vehicle Popular Recall Hybrid Market Corp Mediacorp Japan Toyota

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-24, 10:05:31

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Reading Time: 3 minutes read

Article Length: 397 words

Coverage Area: Singapore

Availability: Desktop Web, Mobile Web

News ID: 6848

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About Channel News Asia

Main Topics: Economy

Official Website: channelnewsasia.com

Update Frequency: 23 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 1h ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #27

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