Toyota about to reduce its finance interest rates.
Toyota is closing its biggest US auto part Plant in Maran, Arkansas (1300 layoffs are expected)
Toyota caught cheating on its auto test result
Share market in declining (China auto ??)
Toyota dealers are full of new cars with sales declining .
The rest of automakers are even in worst condition
Here’s a summary of recent events related to Toyota and the automotive industry:
- Toyota Cheating on Certification Tests (June 2024):
- Toyota Chairman Akio Toyoda apologized for massive cheating on certification tests for seven vehicle models. The fraudulent testing involved inadequate or outdated data in collision tests, incorrect airbag inflation testing, and falsified engine power tests. Production of three affected models (Corolla Fielder, Corolla Axio, and Yaris Cross) was suspended in Japan.
- Toyota’s small-car unit, Daihatsu Motor, also faced safety-inspection irregularities, leading to a halt in shipments of its vehicles.
- Glitch Halts Toyota’s Japan Assembly Plants (August 2023):
- Toyota suspended operations at all of its assembly plants in Japan due to a glitch in its production system. Domestic production came to a standstill, affecting the world’s biggest-selling car maker.
- Toyota’s Share Market Performance (December 2023):
- Industry-Wide Impact:
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