Double Trouble For Toyota? 10 Models Grounded In New Suspension Shock After Daihatsu Debacle
Portfolio Pulse from Anan Ashraf
Toyota Motor Corp (NYSE:TM) is suspending shipments of 10 vehicle models due to certification irregularities with diesel engines supplied by Toyota Industries Corporation (TICO). The issue was identified during horsepower output testing for three diesel engine models, affecting global models such as Land Cruiser 300, Hilux, and Fortuner.
January 29, 2024 | 7:40 am
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Toyota Motor Corp is facing a suspension of shipments for 10 vehicle models due to irregularities in diesel engine certifications from its supplier, which could affect sales and revenue in the short term.
The suspension of shipments for 10 vehicle models is a significant disruption for Toyota, likely leading to a negative short-term impact on the stock price due to potential sales loss and the costs associated with resolving the certification issues.
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