Toyota Motor (7203.T) announced on Friday that it did not uncover any new instances of misconduct in the certification applications of its car models beyond those already reported last month. The world’s leading automaker stated that it had reported its findings to Japan’s transport ministry after concluding its investigation into the certification process for all domestic models over the past decade.
In June, Toyota and four other vehicle manufacturers admitted to submitting either flawed or manipulated data when applying for vehicle certification. This investigation was prompted by an order from the transport ministry for industry-wide checks following a safety test scandal at Toyota’s Daihatsu compact car unit. Toyota affirmed its commitment to continuing measures in line with the transport ministry’s guidance.
The investigation was completed now because Toyota initially required more time to address issues related to vehicle emissions and fuel efficiency in its certification applications. Following the Daihatsu scandal, shareholder support for Chairman Akio Toyoda dropped to a record low of 72% at the annual general meeting, influenced by two proxy advisers recommending a vote against his re-election due to governance concerns.
