In a recent development, Toyota Motor (NYSE:TM) has announced that its internal investigation into car model certification applications has not uncovered any further instances of misconduct, beyond those previously reported last month.
What Happened: Toyota has completed a thorough examination of the certification process for all its domestic models over the past decade. This investigation was initiated in response to an industry-wide directive from the Japanese transport ministry, following a safety test scandal at Toyota’s Daihatsu compact car unit, as per their official press note on Friday.
In June, Toyota, along with four other automakers, confessed to submitting flawed or manipulated ...