Heads of Toyota’s Daihatsu unit to quit after news of rigged safety tests
Daihatsu also will be removed from a commercial vehicle partnership known as the Commercial Japan Partnership Technologies
13 February 2024 - 09:29
byDaniel Leussink and Satoshi Sugiyama
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Masahiro Inoue will take over as Daihatsu's president effective March 1.
Picture: REUGERS
Toyota said on Tuesday both the president and chair of small-car unit Daihatsu will step down after revelations of misconduct related to rigged collision safety-tests.
Toyota’s CEO for the Latin America and Caribbean region, Masahiro Inoue, will replace Soichiro Okudaira as Daihatsu's president effective March 1, the world's top-selling vehicle maker said in a statement.
Okudaira had a long-running career at Toyota spanning nearly four decades from 1979 before he became president of Daihatsu in 2017, a year after the compact car maker became a wholly owned Toyota subsidiary in 2016.
Daihatsu’s chair, Sunao Matsubayashi, will also step down and not be replaced, Toyota said.
Given the misconduct over the safety-test certification applications, Daihatsu also will be removed from a commercial vehicle partnership known as the Commercial Japan Partnership Technologies (CJPT), the vehicle maker said in a separate statement.
Daihatsu’s 10% equity stake in the partnership will be transferred to Toyota, the statement said.
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
Heads of Toyota’s Daihatsu unit to quit after news of rigged safety tests
Daihatsu also will be removed from a commercial vehicle partnership known as the Commercial Japan Partnership Technologies
Toyota said on Tuesday both the president and chair of small-car unit Daihatsu will step down after revelations of misconduct related to rigged collision safety-tests.
Toyota’s CEO for the Latin America and Caribbean region, Masahiro Inoue, will replace Soichiro Okudaira as Daihatsu's president effective March 1, the world's top-selling vehicle maker said in a statement.
Okudaira had a long-running career at Toyota spanning nearly four decades from 1979 before he became president of Daihatsu in 2017, a year after the compact car maker became a wholly owned Toyota subsidiary in 2016.
Daihatsu’s chair, Sunao Matsubayashi, will also step down and not be replaced, Toyota said.
Given the misconduct over the safety-test certification applications, Daihatsu also will be removed from a commercial vehicle partnership known as the Commercial Japan Partnership Technologies (CJPT), the vehicle maker said in a separate statement.
Daihatsu’s 10% equity stake in the partnership will be transferred to Toyota, the statement said.
Reuters
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