Skip to main content

Market Overview

Production Halts Continue At Toyota's Daihatsu Amid Expanding Safety Scandal: Report

Share:
Production Halts Continue At Toyota's Daihatsu Amid Expanding Safety Scandal: Report

Toyota Motor Corp’s (NYSE:TM) subsidiary Daihatsu is reportedly planning to extend production halts amidst an escalating safety test manipulation scandal. The issue now reportedly affects a larger range of models than initially disclosed.

What Happened: The safety test manipulation scandal at Daihatsu has broadened beyond the original six models, Nikkei Asia reported. This is compelling the car manufacturer to extend its production halts until it can address safety concerns.

Daihatsu is expected to present its report detailing the findings of an independent panel to the Japanese transport ministry as early as Wednesday and hold a press conference detailing its future production plans, the report added.

Toyota did not immediately respond to Benzinga‘s request for comment.

Why It Matters: The investigation commenced after it was revealed in April that Daihatsu had manipulated safety tests on several vehicle models. The number of affected models was later raised to six.

The manipulation of the safety test was identified following a whistleblower report, Daihatsu then said.

Photo Courtesy: Mulad Images On Shutterstock.com

Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.

Check out more of Benzinga’s Future Of Mobility coverage by following this link.

Read Next: Cybertruck Can Indeed Serve As A Boat! Musk Says Tesla Will Offer Mod Package To Allow Vehicle To Wade On Water

 

Related Articles (TM)

View Comments and Join the Discussion!

Posted-In: benzinga neuro daihatsu electric vehicles EVs mobilityNews Tech

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com