REFILE-Toyota shares extend loss as recall woes deepen

(Corrects typo in headline)

TOKYO, Jan 29 (BestGrowthStock) – Shares in Toyota Motor Corp
(7203.T: ) fell for the sixth straight day on Friday as the world’s
top automaker’s problems intensified over a recall of millions of
vehicles due to faulty accelerator pedals and floor mats.

Toyota shares fell 2.1 percent to 3,485 yen in morning trade
in Tokyo. They have lost 15 percent in the last five days.

“Toyota’s stock might fall further until the impact on
earnings and profits from the recall becomes clear,” said Hiroaki
Kuramochi, chief equity marketing officer at Tokai Tokyo

U.S. Congressional investigators are seeking e-mails and
other documents from Toyota and U.S. safety regulators about the
automaker’s recall. [ID:nN28126963]

It would be the first congressional review of its kind since
the same committee investigated defective Firestone tires linked
to deadly Ford Motor Co (F.N: ) rollovers in 2001.

On Thursday, Toyota said it would extend its safety recall of
its most popular cars to Europe and China. [ID:nN27231388]

The scale of the fix for the Toyota accelerator pedals has
emboldened rivals and could land the Japanese carmaker with
hundreds of millions of dollars in extra costs per month.

(Reporting by Taiga Uranaka)

REFILE-Toyota shares extend loss as recall woes deepen