04.06.2024 23:07:13 - dpa-AFX: Toyota, Other Japanese Carmakers Admit Certification Irregularities

TOKYO (dpa-AFX) - The Japanese Ministry of Land, Infrastructure, Transport
and Tourism found that Toyota (TM) and four other automakers - Mazda (MZDAF.PK),
Yamaha (YAMHF.PK), Honda (HMC), and Suzuki (SZKMF.PK) were falsifying
certification tests and were 'guilty of fraud'.

Further, the transport ministry noted that Toyota submitted faulty data during
pedestrian-safety tests for three current models - the Corolla Fielder, Corolla
Axio and Yaris Cross, and used modified test vehicles during collision-safety
tests for four past models.

Meanwhile, Mazda had rewritten its engine control software to affect output
testing, and faked crash tests. Yamaha and Honda submitted fake noise tests,
while Suzuki manipulated braking system test results.

The irregularities were revealed during the Japanese government's ongoing
investigation, following this the authorities ordered the offending
manufacturers to suspend shipments of all vehicles with faulty certifications.

Responding to the ministry's findings, Toyota Chairman Akio Toyoda expressed
regret by bowing deeply and saying that, 'As the person responsible for the
Toyota Group, I would like to extend my sincere apologies . I am truly sorry.'
He added that the company is moving in the correct direction, aiming to get on
the right side of the automotive regulators.

'These efforts will need to be done steadily and will take time, but I will go
to the factory floor myself and take responsibility for their progress,' Toyoda
assured.

Also, Honda apologized for tests irregularities in older models - the Accord,
Odyssey and Fit, while Mazda halted production of two models - the Roadster and
Mazda 2.



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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
HONDA MOTOR 853226 Frankfurt 9,828 27.06.24 15:06:41 -0,106 -1,07% 0,000 0,000 9,874 9,934
SUZUKI MOTOR 857310 Frankfurt 10,610 27.06.24 16:52:26 +0,075 +0,71% 0,000 0,000 10,410 10,535
TOYOTA MOTOR CORP. 853510 Frankfurt 18,994 27.06.24 21:49:23 +0,086 +0,45% 0,000 0,000 19,250 18,908
MAZDA MOTOR CORP 854131 Frankfurt 8,924 27.06.24 15:29:01 +0,040 +0,45% 0,000 0,000 8,924 8,884
YAMAHA CORP. 855314 Frankfurt 22,140 27.06.24 10:28:58 +0,340 +1,56% 0,000 0,000 21,960 21,800

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