UMW Toyota will increase the prices of all its Toyota and Lexus vehicles by 4% to 16% effective January next year due to the weaker ringgit.
TOKYO: Shares of Toyota Motor Corp tumbled on Friday after U.S. President-elect Donald Trump threatened to impose a hefty fee on the automaker if it builds its Corolla cars for the U.S. market at a plant in Mexico.
Toyota dropped as much as 3.1 percent to 6,830 yen in early trade.
Other Japanese carmakers fell. Honda Motor Co lost 2.4 percent and Nissan Motor Co shed 2.0 percent, underperforming the broad Topix index, which slipped 0.7 percent.
A stronger yen was also expected to weigh on shares of automakers. - Reuters
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