A Daihatsu Motor Co. Boon CILQ motor vehicle, appropriate, and a Toyota Motor Corp. Passo car or truck are exhibited during a push conference in Tokyo, Japan, on Monday, April 11, 2016.
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Toyota Motor claimed on Tuesday both of those the president and chairman of Daihatsu Motor will move down just about a 12 months after the compact-vehicle device stated it experienced rigged collision basic safety-tests.
The departures are between the most drastic adjustments Daihatsu has created so much, as Toyota seeks to return the manufacturer to its roots as one particular of Japan’s most iconic compact auto makers.
Toyota faces a opportunity strike to its popularity from the protection certification lapses at Daihatsu, as well as independent governance concerns at truck maker Hino Motors and affiliate Toyota Industries.
The scandals at the a few companies induced a unusual apology of Toyota Chairman Akio Toyoda past month.
In a assertion, the world’s top rated-promoting automaker mentioned its main government officer for the Latin America and Caribbean area, Masahiro Inoue, will substitute Soichiro Okudaira as Daihatsu’s president productive March 1.
Daihatsu’s chairman, Sunao Matsubayashi, will also move down and will not be changed, Toyota additional.
The outgoing Okudaira experienced worked at Toyota for almost 4 decades right before becoming president of Daihatsu in 2017, a yr immediately after it grew to become a wholly owned Toyota subsidiary.
Toyota Main Government Koji Sato told reporters, on the other hand, that the organizational change at Daihatsu was not carried out as a punishment for the outgoing executives.
In volume terms, Daihatsu accounted for 7% of Toyota’s full group gross sales of 11.2 million autos in 2023, which include those of the luxurious Lexus brand name and Hino Motors.
Specified the misconduct around the protection test certification purposes, Daihatsu also will be eradicated from a professional auto partnership known as the Commercial Japan Partnership Systems (CJPT), the automaker claimed in a separate statement.
The partnership was established in April 2021 by Toyota, Hino and Isuzu Motors to facilitate technology growth for professional cars. Suzuki Motor and Daihatsu joined in July the identical calendar year.
Daihatsu’s 10% fairness stake in the partnership will be transferred to Toyota, the statement reported.
