Toyota Motor (TM) fell 3.91% to $222.38 in pre-market trading, mirroring broad market declines driven by President Trump's tariff threats against European nations.
- Toyota recently raised its buyout bid for Toyota Industries to ¥18,800 (totaling $35B).
- The bid faces opposition from Elliott Management, which argues the company is undervalued and suggests a price above ¥26,000 per share.
- Broader sentiment in the auto sector is weighed down by hurdles facing the ratification of the EU-Mercosur trade deal.