Toyota Motor sold 10.8 million vehicles in 2024, it said on Thursday, remaining the world's top-selling automaker for a fifth straight year.

Toyota’s subsidiary, Hino Motors, has agreed to pay $1.6 billion (£1.3 billion) and plead guilty to deceiving US regulators about the emissions levels of its diesel engines.

Toyota Motor's market capitalization has dropped roughly 2.9 trillion yen ($18.5 billion) after a safety scandal became public this week, as investors call into question group governance, according to Nikkei, News.az reports referring to Reuters.