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Toyota unit Hino to freeze truck production for two models for a year - Nikkei

(Reuters) -Japan's Toyota Motor (NYSE:TM) Corp's truck and bus unit Hino Motors will halt production of some medium and heavy-duty trucks for at least another year after a...
Toyota unit Hino to freeze truck production for two models for a year - Nikkei © Reuters. FILE PHOTO: Hino Motors' logo is pictured at the 45th Tokyo Motor Show in Tokyo, Japan October 27, 2017. REUTERS/Kim Kyung-Hoon

(Reuters) -Japan's Toyota Motor (NYSE:TM) Corp's truck and bus unit Hino Motors will halt production of some medium and heavy-duty trucks for at least another year after a widespread data falsification scandal, Nikkei Asia reported on Sunday.

The medium-duty Ranger and the heavy-duty Profia truck will not be produced until August 2023, the report added https://asia.nikkei.com/Business/Automobiles/Toyota-unit-Hino-to-freeze-truck-production-for-some-models-for-a-year.

Halting production of some truck models is the latest sign of the scandal worsening for Hino since it first announced the data falsification affecting some of its bigger trucks in March.

Since then, it has said it falsified data on some engines going back as far as 2003, at least a decade earlier than originally indicated. All told, about 640,000 vehicles have been affected, or more than five times the figure initially revealed.

Hino said last month it would suspend shipments of small trucks after a transport ministry investigation revealed that some 76,000 of its small trucks sold since 2019 had not been subject to the required number of engine tests.

Toyota and others involved in a commercial vehicle partnership have since expelled Hino from the group over falsification of engine data by the truckmaker.

The widening scandal at Japan's Hino Motors over falsification of engine data has become a headache that will not go away for parent Toyota which has a controlling 50.1% stake in Hino.

Hino became Toyota's subsidiary in 2001 and nearly all Hino presidents since then previously worked for Toyota.

Toyota did not immediately respond to a request for comment, and Hino could not immediately be reached.

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01-05-2024 10:45:17 (UTC+7)

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EUR/USD

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USD/JPY

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AUD/USD

0.6469

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USD/CAD

1.3780

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EUR/JPY

168.32

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Adidas AG

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 EUR/USD1.0658↑ Sell
 GBP/USD1.2475↑ Sell
 USD/JPY157.91↑ Buy
 AUD/USD0.6469Neutral
 USD/CAD1.3780↑ Buy
 EUR/JPY168.32↑ Buy
 EUR/CHF0.9808Neutral
 Gold2,295.80↑ Sell
 Silver26.677↑ Sell
 Copper4.5305↑ Buy
 Crude Oil WTI81.14↑ Sell
 Brent Oil85.62↑ Sell
 Natural Gas1.946↑ Sell
 US Coffee C213.73↑ Sell
 Euro Stoxx 504,920.55↑ Sell
 S&P 5005,035.69↑ Sell
 DAX17,921.95↑ Sell
 FTSE 1008,144.13Sell
 Hang Seng17,763.03↑ Sell
 Small Cap 20001,973.05↑ Sell
 IBEX 3510,854.40Neutral
 BASF49.155↑ Sell
 Bayer27.35↑ Sell
 Allianz266.60↑ Sell
 Adidas226.40↑ Sell
 Lufthansa6.714Neutral
 Siemens AG175.90↑ Sell
 Deutsche Bank AG15.010Neutral
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# So hôm qua # Chênh TG
SJC Eximbank8,300/ 8,500
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SJC 1c, 2c, 5c7,380/ 7,550
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SJC 0,5c7,380/ 7,560
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SJC 99,99%7,370/ 7,470
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SJC 99%7,196/ 7,396
(0/ 0) # 386
Cập nhật 01-05-2024 10:45:19
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KRW15,9219,31
Cập nhật lúc 10:45:15 01/05/2024
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