financetom
Business
financetom
/
Business
/
Toyota Motor Halts Some Shipments Amid Safety Scandal in Japan
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Toyota Motor Halts Some Shipments Amid Safety Scandal in Japan
Jun 3, 2024 6:23 AM

09:09 AM EDT, 06/03/2024 (MT Newswires) -- Toyota Motor ( TM ) said Monday it has temporarily halted shipments of some vehicles after Japan's Transport Ministry found irregularities in its certification applications.

"We sincerely apologize for any concern or inconvenience this may cause to our customers and stakeholders who have placed their trust in Toyota ( TM )," Toyota ( TM ) said in a statement.

The affected shipments include the Corolla Fielder, Corolla Axio, and Yaris Cross, the company said.

Toyota ( TM ), Mazda Motor, and Yamaha Motor were ordered to suspend shipments after the ministry found they submitted incorrect or manipulated safety test data in their applications for certain models.

Honda Motor ( HMC ) and Suzuki Motor were also found to have submitted inaccurate safety test data, according to the ministry.

The investigation of the companies will continue, according to the ministry.

Toyota ( TM ), Honda ( HMC ), Mazda, Yamaha, and Suzuki did not immediately respond to requests for comment by MT Newswires.

Price: 212.00, Change: -5.51, Percent Change: -2.53

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Tsavorite secures over $100 million in pre-orders for AI chips to scale workflows
Tsavorite secures over $100 million in pre-orders for AI chips to scale workflows
Nov 10, 2025
Nov 10 (Reuters) - AI startup Tsavorite Scalable Intelligence said on Monday it has secured more than $100 million in pre-orders from enterprises and cloud providers across the U.S., Asia and Europe to deploy its chips that are used to scale AI workloads. The company has seen strong demand for its Omni Processing Unit (OPU), a compute architecture which unifies...
EV charging network EVgo's Q3 revenue beats expectations
EV charging network EVgo's Q3 revenue beats expectations
Nov 10, 2025
Overview * EVgo ( EVGO ) Q3 revenue rises 37% yr/yr, beating analyst expectations * Company achieved record charging network revenue, up 33% yr/yr * EVgo ( EVGO ) added over 280 new charging stalls in Q3 Outlook * EVgo ( EVGO ) expects 2025 revenue between $350 mln and $405 mln * Company anticipates positive Adjusted EBITDA supported by...
Roivant Sciences' Fiscal Q2 Net Loss Narrows, Revenue Falls
Roivant Sciences' Fiscal Q2 Net Loss Narrows, Revenue Falls
Nov 10, 2025
07:25 AM EST, 11/10/2025 (MT Newswires) -- Roivant Sciences ( ROIV ) reported a fiscal Q2 net loss Monday of $0.17 per diluted share, narrower than a $0.31 loss a year earlier. Analysts polled by FactSet expected a loss of $0.32. Revenue for the quarter ended Sept. 30 was $1.6 million, down from $4.5 million a year earlier. Analysts surveyed...
Dog products maker Bark beats Q2 revenue estimates, becomes debt free
Dog products maker Bark beats Q2 revenue estimates, becomes debt free
Nov 10, 2025
Overview * Bark fiscal Q2 revenue exceeds guidance, despite a 15.2% yr/yr decline * Adjusted EBITDA for fiscal Q2 misses analyst expectations * Company repaid convertible notes, becoming debt-free, and extended $35 mln credit line Outlook * Company expects Q3 revenue between $101 mln and $104 mln * BARK forecasts Q3 adjusted EBITDA between $(5) mln and $(1) mln *...
Copyright 2023-2026 - www.financetom.com All Rights Reserved