• SPX
  • $5,713.64
  • 1.7 %
  • $95.38
  • DJI
  • $42,025.19
  • 1.26 %
  • $522.09
  • N225
  • $37,723.91
  • 1.53 %
  • $568.58
  • FTSE
  • $8,285.95
  • -0.51 %
  • -$42.77
  • IXIC
  • $18,013.98
  • 2.51 %
  • $440.68

Toyota's scandal-hit unit Daihatsu revamps small car business structure

By Reuters   |   Apr 8, 2024 at 12:38 AM EST
Toyota's scandal-hit unit Daihatsu revamps small car business structure

TOKYO (Reuters) - Japan’s Daihatsu Motor said on Monday it will set up a direct reporting line on development and certification to its parent Toyota Motor, as the compact car maker seeks to overcome a certification test safety scandal.

Daihatsu will still be commissioned by Toyota to handle actual vehicle development, the small-car unit said in a statement that redefined itself as a "mobility company centered on mini vehicles".

(Reporting by Daniel Leussink; Writing by Kantaro Komiya; Editing by Kim Coghill)

Did you find this insightful?


We are preparing, please wait

×
New Alert

Select an alert type

Choose sentiment spike or mentions spike or both to receive email alerts and app notification for the selected stock.
Note: Please be aware that you will receive an email only once a day, around 8:00 AM (EST), in the event of any spike.
In future if you don't want to receive any email then delete stocks added into alert section.

New Alert

Setup alert

×

Premium Content

This content is only available for premium members. Please become a paid member to access.

Download App

Currently, memberships can only be purchased through the app.

×

Log In


or

download app using google store Continue with Google download app using apple Continue with Apple

Email Verification

An email with a verification code has been sent to your email address.

Welcome to StockNews!

Create Your Account

Email Verification

An email with a verification code has been sent to your email address.