The wide ranging inspection by the transport ministry also found that irregularities were also found in automakers Honda, Suzuki and Yamaha.
Toyota shares have plunged more than 5% since May 31, the last trading day before the scandal broke on June 3. Shares of Mazda saw a larger loss, falling 7.7% since May 31.
The wide ranging inspection by the transport ministry also found that irregularities were also found in certification applications from automakers Honda, Suzuki and Yamaha Motor. Toyota Motor Corporation Board Chairman Akio Toyoda bows during a press conference in Tokyo on June 3, 2024. Toyota said on June 3 it had suspended domestic shipments of three car models after falling foul of government certification rules along with its Japanese rivals Honda, Mazda, Suzuki and Yamaha.have fallen more than 5.4% since May 31, the last trading day before the scandal broke on June 3. The automaker has lost 2.45 trillion Japanese yen in market value last week alone.
All five companies had submitted false test data, or in the case of Toyota and Mazda, falsified the vehicles used in crash tests., following the ministry's investigation report, that it will temporarily halt shipments and sales of three models currently manufactured in Japan, namely the Corolla Fielder, Corolla Axio, and Yaris Cross.
Toyota's Chairman Akio Toyoda apologized to the company's customers and stakeholders, acknowledging that seven of its models were "tested using methods that differ from the standards defined by the national authorities."The Ministry of Land, Infrastructure, Transport and Tourism in Japan said it will conduct on-site inspections of the five companies where misconduct was reported.of all vehicles both overseas and in Japan.
Yamaha Motor Co Ltd Suzuki Motor Corp Honda Motor Co Ltd Mazda Motor Corp Business News
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Five arrested over 'sham hospices' alleged to bilk Medicare for over $15 millionFive people were arrested this week in Los Angeles over an alleged scheme to bilk the Medicare program of more than $15 million using 'sham hospices.'
Read more »
City of Jacksonville would give more than $15 million in incentives to help rebuild RISE DoroThe City of Jacksonville is looking into giving developers of the RISE Doro an incentive package that would help them rebuild after a devastating fire that destroyed portions of the building in January.
Read more »
65-Year-Olds “Look Younger Every Day” Thanks to This $15 “Age-Defying” Retinol CreamShoppers with mature complexions swear by the Arvesa Retinol Day and Night Cream for its smoothing and firming results. Snag the skincare product while it’s still on double sale for $15 at Amazon.
Read more »
Mandy Moore Told Me She Doesn't 'Have to Wear Makeup' With This $15 Tinted MoisturizerMandy Moore told InStyle she uses Eucerin’s Tinted Mineral Face Sunscreen, which is on sale for $15 at Amazon. Shop the tinted moisturizer with SPF 35 today.
Read more »
5 arrested in LA for allegedly bilking $15 million from MedicareDefendants used phony hospice companies and doctors’ identities to swindle the federal government, according to their indictment.
Read more »
A Secret ‘Electronic Warfare’ Startup Is Raising $15 Million From A16z And 8VCI'm a senior writer at Forbes covering AI, defense and national security. I'm also the co-author of WONDER BOY: Tony Hsieh, Zappos and the Myth of Happiness in Silicon Valley, published by Henry Holt & Company. Contact me on Twitter at davidjeans2 or email me at djeansforbes.com. You can also send tips on Signal +1 347 559 5443.
Read more »