| GEO Business|
| Toyota shares down at Tokyo market|
| Updated at: 1858 PST, Thursday, January 28, 2010|
TOKYO: Toyota Motor, world’s leading carmaker, witnessed 14 percent decline in its shares amid news of technical problems in 8 car models of the company.
According to a foreign news agency, Toyota issued a recall for the eight models, affecting 2.3 million vehicles.
Investors continued to dump shares in the global auto giant Thursday. Toyota dropped 3.9 percent to 3,560 yen even as the benchmark Nikkei 225 stock average gained 1.6 percent to close at 10,414.29.
Toyota tumbled 4.3 percent Wednesday.
It is still uncertain how this recall problem will affect Toyota's profits. But investors are worried it could really pressure the company's overall earnings.