Daihatsu's Safety Test Scandal: Toyota Subsidiary Halts Shipments After Widespread Irregularities
Portfolio Pulse from Anan Ashraf
Toyota Motor Corp's subsidiary Daihatsu has halted shipments of all developed models due to a scandal involving safety test manipulations. The issue affects 64 models and 3 engines, including vehicles supplied to Toyota, Mazda, and Subaru. Daihatsu has apologized and is cooperating with Japanese authorities, who will inspect the company's headquarters.

December 20, 2023 | 1:01 pm
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Toyota's subsidiary Daihatsu has suspended shipments due to a safety test scandal, potentially affecting Toyota's reputation and supply chain.
The scandal directly involves a Toyota subsidiary, which could lead to negative public perception and possible supply chain disruptions for Toyota. This may result in a short-term negative impact on Toyota's stock price as the market reacts to the news.
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