Toyota Completes Certification Investigation, Reports No New Wrongdoing

13 views
Toyota Motor reported that it had discovered no new instances of misconduct in its automobile models' certification applications.
Toyota Motor reported that it had discovered no new instances of misconduct in its automobile models' certification applications.

Toyota Motor announced on Friday that it did not find any new cases of wrongdoing in the certification applications of its car models beyond those reported last month.

The Japanese automaker made this statement after completing an investigation into the certification process for all domestic models over the past ten years.

Report to Transport Ministry:

The world’s top-selling automaker stated that it had reported its findings to Japan’s transport ministry. The investigation was conducted after the ministry ordered industry-wide checks of certification practices following a safety test scandal at Toyota’s Daihatsu compact car unit.

In June, Toyota and four other vehicle manufacturers admitted to having submitted flawed or manipulated data when applying for vehicle certification. This revelation prompted the investigation.

Continued Commitment to Compliance:

Toyota affirmed its commitment to continue taking measures based on the transport ministry’s guidance. The automaker noted that the investigation required additional time to address vehicle emissions and fuel efficiency issues during its certification applications.

Impact of Daihatsu Scandal:

The Daihatsu scandal has had repercussions for Toyota, with shareholder support for Chairman Akio Toyoda slipping to a record low of 72% at the annual general meeting. This drop followed recommendations from two proxy advisers to vote against his re-election due to governance concerns.

James Adam

James Adam, a noted business writer for CEO Times Magazine, specializes in insightful industry analysis and executive profiles. Known for his clear, concise style, James offers readers an expert perspective on global business trends and market dynamics.

Previous Story

Atos Secures Short-Term Financing Amid Restructuring Plans

Next Story

U.S. Judge Dismisses FTC Claim Against Walmart Over Money Transfer Services

Latest from Business