Toyota's chairman apologized for cheating on certification and safety tests for seven car models and promised to correct any wrongdoings. His remarks coincided with a Japanese government investigation initiated earlier in the year, encompassing several car manufacturers. The scandal may not affect Toyota's non-Japanese market, but could pose a challenge in their home market. Toyota has temporarily stopped shipments and sales of three models produced in Japan. Other Japanese car companies have also admitted to improper vehicle testing and have halted production, but reassured customers of their safety.
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00:00 It's Benzinga and here's what's on the block.
00:03 Toyota's chairman apologized for cheating on certification and safety tests for seven
00:07 car models and promised to correct any wrongdoings.
00:10 His remarks coincided with a Japanese government investigation initiated earlier in the year
00:15 which encompasses several car manufacturers.
00:18 The scandal may not affect Toyota's non-Japanese market but could pose a challenge in their
00:22 home market.
00:24 Toyota has temporarily stopped shipments and sales of three models produced in Japan.
00:28 Other Japanese car companies have also admitted to improper vehicle testing and have halted
00:33 production but reassured customers of their safety.
00:35 For all things money, visit Benzinga.com.
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