Toyota Vows Reform After Affiliate Caught in Safety Scandal

  • ‘Fundamental reform’ needed to revive Daihatsu, Toyota says
  • Daihatsu is a leader in the lightweight kei car category
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Toyota Motor Corp. pledged “fundamental reform” after subsidiary Daihatsu Motor Co. was forced to suspend all shipments — and now faces a government raid of its offices — following an investigation that found most of its vehicles weren’t properly tested for collision safety.

The situation presents a crisis of trust not only for the world’s largest carmaker, which suffered a another scandalBloomberg Terminal last year with its other major unit Hino Motors Ltd., but also for the country’s automotive industry.