Toyota, Isuzu Lead Japan Auto Shares Lower on U.S.
April 14, 2008

Shares of Toyota and Isuzu led Japanese car stocks lower in Tokyo Monday on concerns that a sales slump in the U.S. may cut into their profits, Bloomberg News reported.

Shares of Nissan, Yamaha and Fuji Heavy Industries, an affiliate of Toyota and the parent company of Subaru, also fell after it was revealed Friday that consumer confidence in the U.S. sank to a 26-year low in April, as gasoline prices rose and the labor market weakened.

Isuzu, Japan's largest truck maker, announced recently it would stop selling its sport-utility vehicles in the U.S. Last Friday, Toyota announced it was upping its stake in Fuji Heavy Industries and the two were developing a sports car together.

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