Toyota’s shares in Japan have fallen 16.7 per cent in five days as investors shy away from the firm, which has had to recall of millions of its cars due to a faulty accelerator pedal.
Toyota has recalled more than eight million vehicles affected by the problem in the US, and sales of some popular models suspected of having the fault have now been suspended.
Yesterday Toyota confirmed this recall would extend to Europe and China, after it was revealed models sold in these regions were also affected.
Shares in Toyota can now be bought for 3490 Japanese yen (£23.97) after six consecutive working days of decline.
One Japanese industry analyst has warned that the full cost of the problem to Toyota may not become clear for several weeks.
“Toyota's stock might fall further until the impact on earnings and profits from the recall becomes clear," said Hiroaki Kuramochi from Tokai Tokyo Securities.
The US House of Representatives has also confirmed its intentions to “examine the persistent consumer complaints of sudden unintended acceleration in vehicles manufactured by Toyota Motor Corporation”.
The hearing will take place on 25 February.