TM - Toyota Temporarily Halts Shipments And Sales Of Three Models In Japan After Government Finds Falsified Safety Data | Benzinga
Toyota Motor Corporation (NYSE:TM) has announced a temporary halt on shipments and sales of three models in Japan, effective immediately, amid a safety scandal.
What Happened: Toyota Motor Corporation disclosed on Monday in a press release that it is suspending shipments and sales of the Corolla Fielder, Corolla Axio, and Yaris Cross models in Japan. This decision follows an internal investigation into model certification applications, as per instructions from the Ministry of Land, Infrastructure, Transport and Tourism (MLIT) on Jan. 26.
The investigation revealed that seven models, including some discontinued since 2014, were tested using methods that deviated from government standards. Toyota reported these findings to MLIT on May 31. The affected models include three current production models and four discontinued ones: Crown, ...