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★★Toyota's Six Cases of Cheating, Failing to Meet UN Standards...Ministry of Land, Infrastructure, Transport and Tourism: “High Possibility of Being Judged as Cheating in Europe as well”. 6/11 (Tue.) 5:04, Yomiuri Shimbun Online The Ministry of Land, Infrastructure, Transport, and Tourism (MLIT) has concluded that the six cases of fraud discovered at Toyota Motor Corporation violate not only national standards but also UN standards adopted by 62 countries and regions, including Japan, South Korea, and Europe. The standards for passenger cars in Japan and the UN are consistent, and it is highly likely that the same irregularities would prevent mass production in Europe and other regions as well. One week has passed since the announcement of the five companies' frauds. Based on the results of on-site inspections of the companies, MLIT will consider administrative penalties in accordance with the Road Trucking Vehicle Law. According to MLIT, by adopting the UN standards, a vehicle with a type designation in Japan can be certified in 61 countries and regions, including the U.K., Germany, France, Italy, and South Korea, without having to undergo similar testing. This is known as “mutual recognition,” and it has eased the burden on manufacturers that are expanding their operations overseas. The six tests in which Toyota was found to have committed fraud include: 1) occupant protection in the event of an offset (partial frontal) collision, 2) pedestrian head and leg protection, 3) rear-end collision, and 4) engine output. The details of the fraud were in violation of not only Japanese standards but also those of the UN. On the other hand, it was also found that the government concluded that some of the tests, which Toyota claimed were conducted under “stricter conditions than the national standards,” “cannot be said to be stricter in general. Toyota explained at a press conference on March 3 that it used data from a development test conducted at a 65-degree impact angle, rather than the 50-degree angle stipulated by the government, apologizing that it should have retested at 50 degrees and saying that 65 degrees was a more severe condition. However, according to a government official, whether or not the test is more stringent in terms of safety depends on the shape of the hood and other factors, and it is not possible to make a general decision based on the difference in angles. The government believes that some of the other tests claimed to be “stricter” are not all that strict and are likely to be judged as fraudulent in Europe and other countries as well. In connection with the fraud, manufacturers again called for “streamlining the system” from the viewpoint of international competitiveness and other factors. However, there is strong concern within MLIT that if domestic standards that differ from UN standards increase, mutual recognition will not be granted and overseas expansion will be affected. Five automakers, including Toyota, have stated that the 38 models that were found to be in violation of the standards “conform to the national standards and there is no problem with their continued use,” but MLIT will conduct its own tests. However, the Ministry of Land, Infrastructure, Transport and Tourism will conduct its own tests. The UN standards are international safety and environmental standards for automobile certification based on an agreement adopted by the United Nations, which was established through deliberations by regulatory authorities and industrial organizations in various countries. For passenger cars, there are 43 items, including brakes, speedometers, and noise, all of which Japan has adopted. Four items, including dimensions and weight, have no UN standards due to differences in road conditions and other factors, and are unique to Japan. Take care LMAO
★★Toyota lost o…
2024/06/12 09:05
★★Toyota lost over $15 billion in market value last week after being caught falsifying tests (CNBC) PUBLISHED SUN, JUN 9 202411:46 PM EDTUPDATED MON, JUN 10 20248:29 AM EDT KEY POINTS ●Toyota shares have plunged more than 5% since May 31, the last trading day before the scandal broke on June 3. Shares of Mazda saw a larger loss, falling 7.7% since May 31. ●The wide-ranging inspection by the transport ministry also found that irregularities were also found in certification applications from automakers Honda, Suzuki and Yamaha Motor. In this article Shares of Japanese automakers have largely plunged since the country’s Transport Ministry found false data used to certify certain models a week ago on Monday. The stock of Japan’s largest carmaker, Toyota, fell more than 5.4% last week, after the scandal broke on June 3, but is recovering on Monday. The automaker lost 2.45 trillion Japanese yen ($15.62 billion) in market value last week alone. Shares of Mazda , the country’s second-largest automaker, dropped 7.7% in the same period, and lost 80.33 billion yen in market capitalization last week. The wide-ranging inspection by the Ministry of Land, Infrastructure, Transport and Tourism also found irregularities in certification applications by other automakers Honda, Suzuki and Yamaha. Last week, Honda’ s stock fell 5.75% and Yamaha Motor lost 2.2%, while Suzuki Motor inched down 0.3%. Shares of all those companies were trading higher Monday. Toyota was up 1.7%, Honda gained 2.13% and Mazda increased 1.7%. Suzuki and Yamaha were also marginally higher. All five companies had submitted false test data, or in the case of Toyota and Mazda, falsified the vehicles used in crash tests. Toyota announced on June 3, following the ministry’s investigation report, that it will temporarily halt shipments and sales of three models currently manufactured in Japan, namely the Corolla Fielder, Corolla Axio and Yaris Cross. Toyota’s chairman, Akio Toyoda, apologized to the company’s customers and stakeholders, acknowledging that seven of its models were “tested using methods that differ from the standards defined by the national authorities.” Separately, Mazda said it had suspended the Roadster RF and Mazda 2 from May 30. Both companies however, said that customers can still continue to drive their cars. The Transport Ministry said it will conduct on-site inspections of the five companies where misconduct was reported. The inspection into Japanese automakers comes after Toyota’s Daihatsu unit said in December it will halt shipments of all vehicles both overseas and in Japan. It came after an investigation into a safety scandal found issues at some 64 models, including 22 sold under the Toyota brand. Daihatsu said in April last year it had rigged side-collision safety tests carried out for 88,000 small cars, most of which were sold under the Toyota brand. Take care LMAO