Japanese automaker Toyota Motor Corp‘s (NYSE:TM) subsidiary Daihatsu has reportedly opted to compensate its 423 domestic suppliers in Japan due to the ongoing production halt.
What Happened: Reuters reported that Daihatsu has ceased its production in Japan until the end of the following month. This decision came after a safety investigation uncovered safety test manipulations in 64 models, some of which were marketed under the Toyota brand. The report said the compensation will be calculated based on the suppliers’ past business volumes.
Daihatsu is in the process of evaluating ...