Toyota Shareholders Vote, Amid Certification Test Scandal
TapTechNews June 19th news. According to reports from the Associated Press and Kyodo News Agency, Toyota shareholders voted on Tuesday to support all the company's proposals, including allowing Akio Toyoda to continue to serve as the chairman of the board (president).
Toyota did not disclose the details of this vote, but confirmed that the majority of shareholders supported this position. This annual general meeting was held at the company's headquarters in Toyota City in central Japan, attracting widespread attention because Toyota and other major Japanese automakers have all been involved in a scandal surrounding vehicle certification test fraud.
Toyota officials have repeatedly apologized for the vehicle test fraud incident, and CEO Koji Sato expressed his apologies again at the general meeting. At the same time, shareholders also raised several questions about violations. Satou reflected that it was conducted for mass production and sales in the absence of a proper certification process, and said the company is focusing on fundamentally reforming the atmosphere with Akio Toyoda as the center. Koji Sato also said that in the case of increasingly complex certification procedures, violations will be reduced through various measures.
TapTechNews attached the previous background:
On June 3, the Ministry of Land, Infrastructure, Transport and Tourism of Japan announced that in view of the successive violations in the process of obtaining the type certification required for mass production of cars and engines by companies such as Daihatsu Motor, the Ministry of Land, Infrastructure, Transport and Tourism of Japan instructed a total of 85 automotive production companies to investigate whether there were similar situations. As of the end of May, a total of five companies including Toyota, Mazda, Yamaha Motor, Honda R & D and Suzuki had fraud in vehicle performance testing and other aspects, and the Ministry of Land, Infrastructure, Transport and Tourism of Japan will investigate these five companies according to the Road Transport Vehicle Act.