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Daihatsu

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business1 year ago

Toyota Chairman Apologizes for Safety Scandal as Brand Maintains Top-Selling Status

Toyota Chairman Akio Toyoda apologized for safety scandals at three of the company's subsidiaries, including Daihatsu and Hino Motors, while also announcing the suspension of shipments for some Toyota models due to irregularities in safety tests for diesel engines. Despite the scandals, Toyota Motor remained the world's top-selling car manufacturer for the fourth consecutive year, with record annual sales of 11.2 million vehicles in 2023. Daihatsu, one of Toyota's oldest combustion engine manufacturers, temporarily shut down its factories and suspended all vehicle imports and exports after an independent investigation found widespread and systemic issues in safety tests dating back to 1989.

via Fox Business|
#apology#business#daihatsu
business2 years ago

"Long Wait Ahead for Japanese Carmaker After Faking Safety Tests"

Daihatsu, a subsidiary of Toyota, doesn't expect to resume shipping cars soon after cheating on safety tests for decades, leading to a government order to halt production. The company faces a tough road in winning back customer trust and is working on preventing future cheating. An investigation found 174 cases of faked tests affecting dozens of models, with potential recalls of over 300,000 vehicles. The scandal has raised questions about the leadership of the Toyota group and its overall brand trust.

via The Associated Press|
#business#cheating-scandal#daihatsu
businesscorporate2 years ago

"Daihatsu Halts Production Amid 30-Year Safety Test Forgery Scandal"

Daihatsu, a subsidiary of Toyota and a historic Japanese car manufacturer, has ceased production and suspended vehicle imports and exports after admitting to falsifying safety test results for decades. An independent investigation revealed widespread irregularities, prompting the company to initiate comprehensive reforms and efforts to regain stakeholder trust. The production halt affects thousands of workers and could significantly impact local economies. The extent of the fraudulent practices dates back to at least 1989, and Daihatsu's vehicles have been sold under various brands, including Toyota and Subaru. The timeline for resuming production remains uncertain.

via New York Post |
##automotiveindustry#businesscorporate
business-automotive2 years ago

"Daihatsu Ceases Japan Production Amid 30-Year Safety Test Forgery Scandal"

Daihatsu, a subsidiary of Toyota and one of Japan's oldest combustion engine manufacturers, has halted production and suspended vehicle imports and exports after admitting to decades of safety test irregularities. An independent investigation revealed widespread and systemic issues, including tampering with safety tests and fabricating data. The scandal has significant implications for the auto industry, affecting thousands of workers and part makers, and dealing a blow to local economies. Daihatsu's misconduct dates back to 1989, and the company is now focused on making reforms to prevent future occurrences and to regain stakeholder trust. Toyota North America has not commented on the issue, and it is unclear when Daihatsu will resume production.

via Fox Business|
##autoindustry#business-automotive
business2 years ago

Toyota's Stock Plummets Amidst Daihatsu Safety Scandal and Massive Vehicle Recall

Toyota Motor shares slumped by 4% as Japan's transport ministry inspected its subsidiary, Daihatsu Motor, over safety concerns dating back decades. Daihatsu announced a halt in shipments of all its vehicles indefinitely after discovering more safety-inspection irregularities, affecting 64 models, including those sold under Toyota's brand. The impact on Toyota's earnings is expected to be limited due to the parent company's size, but Daihatsu's suppliers may face a bigger impact. Additionally, Toyota announced a recall of 1.1 million vehicles worldwide due to a faulty sensor that could cause airbags to not deploy properly.

via Reuters|
#business#daihatsu#safety-scandal
automotive2 years ago

Toyota, World's Largest Automaker, Hit by Massive Recalls and Faked Data Scandal

Toyota, the world's largest automaker, is facing multiple challenges as it recalls over a million vehicles in the U.S. due to airbag problems and its subsidiary, Daihatsu, reveals faked data dating back to 1989. Daihatsu admitted to rigging safety tests and an independent investigation found 174 safety irregularities in 64 models, including those delivered to Toyota, Mazda, and Subaru. The report blamed tight development schedules for the falsified test results and manipulated data. Toyota has halted worldwide shipments from Daihatsu and promised to revitalize the subsidiary. Additionally, Toyota's other subsidiary, Hino Motors, admitted to falsifying emissions data last year. Toyota shares fell 4% following the news.

via Fortune|
#automotive#daihatsu#falsified-data
business2 years ago

"Global Stock Markets Tumble as Toyota Recall and Safety Concerns Shake Investor Confidence"

Toyota shares fell by 4% on the Nikkei 225 index after announcing a recall of approximately one million vehicles in the United States. Additionally, Toyota subsidiary Daihatsu suspended shipments of all its vehicles due to safety issues uncovered during an investigation. The safety scandals at Toyota contributed to a decline in the wider Nikkei 225 and Topix indices, while most Asia-Pacific markets were also affected by Wall Street's overnight drop.

via CNBC|
#business#daihatsu#safety-issues
business2 years ago

Toyota's Daihatsu Halts Vehicle Shipments Amid Safety Scandal

Toyota's subsidiary, Daihatsu, will suspend shipments of all its vehicles in and outside of Japan due to a safety data fabrication scandal. An investigation found improper testing involving 64 models, including Toyota and other brands. The probe revealed 174 new cases of irregularities in safety tests and procedures, in addition to the problems reported earlier. Daihatsu's president apologized for betraying customer trust and acknowledged the neglect of safety certificates. The issue arose in April with improper testing on the door lining, followed by problems in side collision testing in May. Toyota expressed sincere apologies and plans to revitalize Daihatsu through a fundamental reform of operations and employee mindset.

via The Associated Press|
#business#daihatsu#improper-testing
business2 years ago

"Daihatsu Halts Vehicle Shipments Amid Safety Scandal"

Toyota's Daihatsu unit, responsible for producing small cars and trucks, will halt shipments of all its vehicles after an independent panel investigation revealed safety issues involving 64 models, including some sold under Toyota's brand. The scandal, which initially involved rigged side-collision safety tests, has now expanded to a wider scope and longer timeframe, potentially damaging the automakers' reputation for quality and safety. The issues also affected some Mazda and Subaru models. Toyota stated that "fundamental reform" is necessary to revitalize Daihatsu and that a review of certification operations is needed. The financial impact is yet to be determined.

via Reuters|
#business#daihatsu#independent-panel
business2 years ago

Toyota's Daihatsu Halts Vehicle Shipments Amid Safety Scandal

Toyota's subsidiary, Daihatsu, will halt shipments of all vehicles both domestically and internationally after an investigation revealed safety issues in 64 models, including 22 sold under the Toyota brand. The scandal, which initially involved rigged side-collision safety tests for 88,000 small cars, has now expanded to include almost all models currently in production. The revelations could damage the automakers' reputation for quality and safety, prompting Toyota to call for a "fundamental reform" of Daihatsu's operations. Daihatsu produced 1.1 million vehicles in the first 10 months of the year, accounting for 7% of Toyota's sales.

via CNBC|
#business#daihatsu#quality-control
automotive2 years ago

Toyota's Daihatsu Subsidiary Admits to Improper Crash Tests.

Toyota has suspended shipments of 56,111 Raize hybrid vehicles produced by Daihatsu Motor Co. and 22,329 Daihatsu Rocky vehicles sold in Japan after finding improper crash tests. Daihatsu said that in the faulty crash tests, results for a pole used to measure impact on the left side were used for the right, when both sides had to be tested. This is the latest in a series of embarrassing woes plaguing Japan's top automaker, including a data breach and a separate crash test problem for Daihatsu models sold abroad.

via The Associated Press|
#automotive#crash-tests#daihatsu
business2 years ago

Toyota halts Yaris sales in Thailand over safety test issue.

Toyota has suspended sales and deliveries of its Yaris Ativ model in Thailand after its affiliate Daihatsu rigged part of the door in side-collision safety tests. The problem may have occurred due to pressure on Daihatsu to shorten the development time of the Ativ. Toyota is working with the Thai government to resume sales of the model, and further investigation is underway.

via Reuters|
#business#daihatsu#safety-tests