Toyota Says It Has Not Found Any Further Wrongdoing In Certification Applications Beyond Those Reported Earlier
Portfolio Pulse from Benzinga Neuro
Toyota Motor (NYSE:TM) has completed an internal investigation into its car model certification applications and found no further wrongdoing beyond previously reported issues. This follows a safety test scandal at its Daihatsu unit, which led to significant market value loss and a recall of over 100,000 vehicles in the U.S.
July 05, 2024 | 3:01 pm
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Toyota's internal investigation found no further misconduct in certification applications, beyond previously reported issues. This follows a safety test scandal at its Daihatsu unit, which led to a significant market value loss and a recall of over 100,000 vehicles in the U.S.
The completion of the investigation without finding further wrongdoing is a positive development for Toyota, potentially restoring investor confidence after the recent scandals. This could lead to a short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100