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Market Chatter: Japanese Transport Ministry Inspects Toyota Over Certification Irregularities
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Market Chatter: Japanese Transport Ministry Inspects Toyota Over Certification Irregularities
Jun 4, 2024 4:48 AM

07:22 AM EDT, 06/04/2024 (MT Newswires) -- Japanese transport ministry officials inspected Toyota Motor's ( TM ) headquarters Tuesday as part of a widening investigation into irregularities in model certification applications, multiple media outlets reported.

Aside from Toyota ( TM ), Japanese automakers Mazda, Honda, Suzuki, and Yamaha Motor also said they had submitted flawed or manipulated data to support certification applications, the reports said.

Toyota ( TM ) was the first to undergo an inspection following the ministry's notice, while the other automakers will also face scrutiny, Reuters said, citing a transport ministry official.

Toyota ( TM ) did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 211.93, Change: -0.24, Percent Change: -0.11

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