AGL 37.99 Decreased By ▼ -0.03 (-0.08%)
AIRLINK 215.53 Increased By ▲ 18.17 (9.21%)
BOP 9.80 Increased By ▲ 0.26 (2.73%)
CNERGY 6.79 Increased By ▲ 0.88 (14.89%)
DCL 9.17 Increased By ▲ 0.35 (3.97%)
DFML 38.96 Increased By ▲ 3.22 (9.01%)
DGKC 100.25 Increased By ▲ 3.39 (3.5%)
FCCL 36.70 Increased By ▲ 1.45 (4.11%)
FFBL 88.94 No Change ▼ 0.00 (0%)
FFL 14.49 Increased By ▲ 1.32 (10.02%)
HUBC 134.13 Increased By ▲ 6.58 (5.16%)
HUMNL 13.63 Increased By ▲ 0.13 (0.96%)
KEL 5.69 Increased By ▲ 0.37 (6.95%)
KOSM 7.32 Increased By ▲ 0.32 (4.57%)
MLCF 45.87 Increased By ▲ 1.17 (2.62%)
NBP 61.28 Decreased By ▼ -0.14 (-0.23%)
OGDC 232.59 Increased By ▲ 17.92 (8.35%)
PAEL 40.73 Increased By ▲ 1.94 (5%)
PIBTL 8.58 Increased By ▲ 0.33 (4%)
PPL 203.34 Increased By ▲ 10.26 (5.31%)
PRL 40.81 Increased By ▲ 2.15 (5.56%)
PTC 28.31 Increased By ▲ 2.51 (9.73%)
SEARL 108.51 Increased By ▲ 4.91 (4.74%)
TELE 8.74 Increased By ▲ 0.44 (5.3%)
TOMCL 35.83 Increased By ▲ 0.83 (2.37%)
TPLP 13.84 Increased By ▲ 0.54 (4.06%)
TREET 24.38 Increased By ▲ 2.22 (10.02%)
TRG 61.15 Increased By ▲ 5.56 (10%)
UNITY 34.84 Increased By ▲ 1.87 (5.67%)
WTL 1.72 Increased By ▲ 0.12 (7.5%)
BR100 12,244 Increased By 517.6 (4.41%)
BR30 38,419 Increased By 2042.6 (5.62%)
KSE100 113,924 Increased By 4411.3 (4.03%)
KSE30 36,044 Increased By 1530.5 (4.43%)

TOKYO: Toyota Motor said on Monday its chairman would speak about an investigation it has conducted into its vehicle certification applications after being prompted by Japan’s transport ministry.

Chairman Akio Toyoda will hold a press conference at 0800 GMT on Monday, the company said.

The transport ministry said separately it will conduct an on-site inspection at Toyota’s headquarters on Tuesday.

It said irregularities were found in applications to certify models from Toyota, Mazda Motor, Yamaha Motor, Honda Motor and Suzuki Motor and that it had ordered Toyota, Mazda and Yamaha to suspend shipments of some vehicles.

The ministry had requested automakers to investigate their vehicle certification applications following a safety test scandal at Toyota’s compact car unit Daihatsu.

Toyota said on Monday it has temporarily halted shipments and sales of three car models made in Japan. Yamaha said it had halted shipments of a sports motorcycle.

A Mazda spokesperson said it would issue a press release at 0650 GMT where it would detail its response, followed by a press conference at 0700 GMT.

Honda is also due to hold a press conference later in the day.

Toyota to get an earnings lift from hybrids as EV hype cools

A Toyota spokesperson added that the company is still investigating issues related to vehicle fuel efficiency and emissions, and aimed to complete the inquiry by the end of June. Toyota shares closed down 1.8%.

The company said it had provided inadequate data in pedestrian and occupant protection tests for three production models - the Corolla Fielder, Axio and Yaris Cross - and errors in crash tests and other test methods for four discontinued models, including one sold under the Lexus luxury brand.

It added there were no performance issues that violated regulations and customers did not need to stop using their cars.

In the Daihatsu scandal, a panel found that the unit had rigged side-collision safety tests carried out for 88,000 small cars, most of those sold as Toyotas.

Comments

Comments are closed.