Suzuki Shares Tumble After German Investigators Raid Automaker
- Case looks into 22,000 cars allegedly sold with defeat device
- Shares sink most in seven weeks in Tokyo trading on Thursday
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Suzuki Motor Corp. shares fell as much as 7%, the most in seven weeks, after German prosecutors said they were conducting raids targeting the Japanese automaker for alleged use of devices that manipulate readings of emissions outputs.
Suzuki is suspected of putting into circulation more than 22,000 vehicles, including its Swift minicar, equipped with defeat devices, Frankfurt prosecutors said in a statement Wednesday. The probe also targets Stellantis NV and Marelli Corp. as they were allegedly involved in the vehicles’ delivery and software.