© Reuters. FILE PHOTO: The Toyota logo is seen at its booth during a media day for the Auto Shanghai show in Shanghai, China April 19, 2021. REUTERS/Aly Song/File Photo

TOKYO (Reuters) – Shares of Toyota Motor (NYSE:) Corp opened down more than 2% on Monday after media reports citing criticism from European pension funds of the automaker for what they said were lobbying efforts that went against climate regulation for the industry.

Toyota, the world’ top automaker, is holding its annual shareholders meeting on Wednesday.

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