Toyota Apologises For Scandals As Vehicle Sales Set New Record
Sumaira FH Published January 30, 2024 | 12:00 PM
Tokyo, (APP - UrduPoint / Pakistan Point News - 30th Jan, 2024) Toyota's chairman said Tuesday he was "ashamed" of recent scandals involving subsidiaries of the Japanese auto giant, as the firm announced record vehicle sales of 11.2 million across its brands last year.
The bumper figure -- an industry record -- sees Toyota retain its position as the world's top-selling automaker for the fourth successive year, thanks to a recovery in demand and easing chip shortages.
Taking only the Toyota and Lexus brands, global volume sales totalled 10.3 million units, but growth fell for Daihatsu, which builds mini-vehicles and is embroiled in a rigged safety test scandal.
Truck and bus-maker Hino, which has also been hit by a scandal related to rigged tests of its engines in Japan, saw volume sales sink almost 10 percent.
It came a day after Toyota said it was suspending shipments of 10 models that use diesel engines linked with testing irregularities at an affiliate, Toyota Industries.
board chairman Akio Toyoda bowed in apology at a press conference on Tuesday and said he was ultimately responsible for the misconduct.
"I deeply apologise for the repeated wrongdoings by Hino Motors, Daihatsu Motor, and Toyota Industries that have caused troubles and worries to customers and stakeholders," he told reporters.
"They lost sight of the values and priorities that should have been upheld," he said, adding that he was "ashamed" of the situation.
"It will take time to recover the trust back from our customers," Toyoda said, promising to lead a "transformation".
Recent Stories
Saudi govt, companies consider Pakistan high priority economic opportunity: Ibra ..
Saudi Crown Prince expected to visit Pakistan this month
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 6 May 2024
Today Gold Rate in Pakistan 06 May 2024
Dubai Mum Becomes the First Ever Pakistani Woman to Climb 11 of the 14 Highest M ..
Over 37% Tobacco tax increase suggested to save lives, boost revenue
Mohsin Naqvi has offered a substantial incentive, pledging $100,000 to every pla ..
Citizens join Al Barsha Police in “An Hour for Dubai” Initiative
Art can be a powerful tool to relieve stress, Experts say at Sharjah Children’ ..
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 5 May 2024
Today Gold Rate in Pakistan 05 May 2024
Bugti assures transporters for addressing their problems
More Stories From World
-
Europe's auto suppliers reach the end of the road
25 minutes ago -
IAEA chief due in Iran as concern grows over nuclear activity
26 minutes ago -
Ex-minister Jose Raul Mulino wins Panama presidential race
26 minutes ago -
Far-right parties wage disinfo war ahead of EU vote
26 minutes ago -
Who's who in North Macedonia's elections
26 minutes ago -
Bardella: 28-year-old 'captain' of France's far right
26 minutes ago
-
Macron seeks to sway China's Xi on Ukraine
26 minutes ago -
Far right seen making gains in EU elections
36 minutes ago -
Boeing's Starliner set for first crewed mission to ISS
36 minutes ago -
Italy's pragmatic PM leads charge for EU far right
56 minutes ago -
N. Macedonia elections set to ramp up tensions with EU neighbours
1 hour ago -
Chad's presidential poll to exacerbate north-south divide
1 hour ago