Automaker takes action following discovery of irregularities
- Toyota to suspend shipments of 10 vehicle models
- Irregular certification tests found for diesel engines
- Horsepower output measured with different software
- Toyota Industries to suspend engine shipments
- Committee investigating emission certification irregularities
Toyota Motor has announced that it will temporarily suspend shipments of 10 vehicle models after irregular certification tests were found for diesel engines. The tests revealed that horsepower output was measured using different software, resulting in performances that appeared smoother and more consistent. Toyota Industries, the sister company responsible for the irregularities, will suspend engine shipments. The automaker has verified the products again and confirmed that they meet its standards. A committee has been set up to investigate emission certification irregularities surrounding forklifts and other machinery.
Public Companies: Toyota Motor (TMC), Toyota Industries (undefined)
Private Companies:
Key People: David Sachs (Author)
Factuality Level: 8
Justification: The article provides factual information about Toyota temporarily suspending shipments of 10 vehicle models due to irregular certification tests for diesel engines. It includes direct quotes from Toyota Motor and provides details about the irregularities and the actions being taken by the company.
Noise Level: 7
Justification: The article provides information about Toyota temporarily suspending shipments of 10 vehicle models due to irregular certification tests for diesel engines. It explains that a committee in Toyota Industries alerted the company of irregularities surrounding certification testing of three engine models. The article also mentions that horsepower output was measured with different software, resulting in performances that could appear smoother and more consistent. Toyota Motor has verified the products again and states that they meet its standards. However, the article lacks in-depth analysis, scientific rigor, and evidence to support its claims. It does not explore the consequences of these irregularities or provide actionable insights or solutions.
Financial Relevance: Yes
Financial Markets Impacted: The news article pertains to Toyota Motor, a major automaker. The suspension of shipments of 10 vehicle models may impact the company’s production and sales, which could have implications for its financial performance. It may also affect the supply chain and business relationships with suppliers and dealers.
Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The news article does not describe an extreme event.
www.marketwatch.com 
