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Is Japan's Car Industry Facing a ''Dieselgate'' Moment?
HMCHonda Motor(HMC) ZACKS·2024-06-12 20:00

In a major blow to Japan's prestigious automotive industry, five leading Japanese automakers — Toyota (TM) , Honda (HMC) , Mazda (MZDAY) , Suzuki, and Yamaha — have been accused of falsifying vehicle safety test data. The scandal bears an eerie resemblance to the 2015 Volkswagen (VWAGY) Dieselgate debacle. The Ministry of Land, Infrastructure, Transport and Tourism of Japan uncovered that Toyota, Honda, Mazda, Suzuki and Yamaha engaged in fraudulent activities during the certification process of certain veh ...