Mazda Leads Japan Carmakers Lower on VW Emissions Scandal
- Japan stocks resume trading after three-day public holiday
- Volkswagen reconsidering introducing diesel cars in Japan
This article is for subscribers only.
Mazda Motor Corp. led Japanese carmakers lower as Tokyo resumed trading for the first time since Friday, when the U.S. environment regulator called out Volkswagen AG for cheating on pollution tests.
Volkswagen has tumbled 31 percent since admitting it used “defeat device” software to pass diesel emissions tests, leading declines on the 30-member Bloomberg World Auto Manufacturers Index. Japan resumed trading Thursday after a three-day break, with Mazda falling 6.8 percent, Honda Motor Co. dropping 3 percent and Nissan Motor Co. down 2.5 percent at the close. The benchmark Topix Index fell 2.4 percent.