Toyota Faces Racketeering Charges, Shares Drop

Taking hits from all over for the manner in which it handled the recent recalls, as well as for the way in which its cars are built, Japanese carmaker Toyota registered another 0.6 percent drop in shares in Tokyo on Thursday, a percentage above the 0.3 percent decline in the Nikkei 225 Average, Market Watch reported.

In addition to the recall problems and civil damage claims filed by Toyota owners in the US, the carmaker is now facing racketeering claims. According to Reuters, by using feder… (read more)