All articles tagged with #vehicle shipments
Originally Published 5 months ago — by CNBC
Stellantis expects a net loss of approximately $2.7 billion in the first half of 2023 due to tariffs, higher industrial costs, and other charges, with a significant decline in vehicle shipments and revenue compared to the previous year.
Originally Published 1 year ago — by The New York Times
Toyota has halted global shipments of 10 vehicle models after discovering irregularities in testing of diesel engines, caused by a subsidiary using software to manipulate horsepower output values. Despite the engines meeting output standards, the company decided to temporarily stop shipping the affected models, including the popular Hilux pickup truck. This is the second production problem to hit Toyota in two months, following recalls and production shutdowns in December, and Daihatsu, a Toyota subsidiary, also facing safety inspection irregularities.
Originally Published 2 years ago — by Reuters
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.
Originally Published 2 years ago — by CNBC
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.