Production Halts Continue At Toyota's Daihatsu Amid Expanding Safety Scandal: Report
Portfolio Pulse from Anan Ashraf
Toyota's subsidiary Daihatsu is extending production halts due to an expanding safety test manipulation scandal, affecting more models than previously reported. Daihatsu will report findings to the Japanese transport ministry and hold a press conference on future production plans.
December 20, 2023 | 4:14 am
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Toyota Motor Corp faces potential negative impacts due to its subsidiary Daihatsu's extended production halts amid a safety test manipulation scandal.
The safety scandal at Daihatsu, a subsidiary of Toyota, is likely to have a negative impact on Toyota's stock in the short term due to the extended production halts and the potential damage to the brand's reputation. The extent of the impact will depend on the findings of the independent panel and the company's response.
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