This is an AI translated post.
Japan's Auto Industry Stunned! Daihatsu's Massive Document Falsification Case Leads to Plant Shutdowns and Potential Restructuring of the Kei Car Market
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Base country: Japan
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Summarized by durumis AI
- A massive document falsification case spanning over 20 years at Daihatsu has sent shockwaves through the Japanese auto industry.
- Daihatsu, which falsified records of strength and durability of auto parts, has halted operations at all its plants nationwide and is on the verge of bankruptcy.
- Daihatsu's bankruptcy is likely to lead to a restructuring of the kei car market, with significant losses anticipated for the 8,000 trading companies and 30,000 dealerships.
Daihatsu, once considered a leading company in the Japanese automotive industry, has been rocked by a shocking large-scale document forgery scandal.
The incident came to light on April 28, when an employee of a Daihatsu subcontractor revealed that they had manipulated data on vehicle sales to overseas markets, citing "Abenomics" and "export promotion." Initially, it was suspected to be a disgruntled individual's misconduct. However, Daihatsu's own investigation uncovered the shocking truth that the entire company was involved in an organized crime.
Image source: GPT4.0
According to the investigation results announced by Daihatsu in August, they falsified records on the strength and durability of automotive parts for over 20 years, with 174 cases of document forgery involving 29 vehicle models confirmed. It has been revealed that this impact extends not only to Japan but also to vehicles exported to overseas markets. This large-scale forgery is not merely a case of organizational corruption but raises concerns about inflicting a severe blow on the entire Japanese automotive industry and the Japanese economy.
It is reported that Toyota Motor Corporation, Daihatsu's parent company, was devastated by this revelation. This incident comes on the heels of their efforts to shake off the disgrace of the past acceleration scandal. Toyota immediately convened an emergency meeting to discuss countermeasures, demanding compensation from Daihatsu and taking a strong stance against the company. Having already announced a loss exceeding 1 trillion yen, Toyota demanded full compensation and reimbursement of all expenses from Daihatsu.
The shock intensified when news broke that Daihatsu had decided to halt operations at all its auto plants nationwide. Daihatsu is reported to be on the brink of bankruptcy due to this incident. However, the problem goes beyond simply the company's potential insolvency. As Daihatsu holds the top market share in the Japanese minicar segment, a market restructuring is inevitable.
In fact, it is estimated that there are around 8,000 companies involved in transactions with Daihatsu, including indirect subcontractors and transportation companies. Concerns are growing that small and medium-sized enterprises will suffer significant losses if the Daihatsu plant shutdown becomes prolonged. Additionally, Daihatsu distributes vehicles through approximately 30,000 dealerships nationwide, potentially causing inconvenience to consumers seeking to purchase new cars.
Considering these circumstances, the Japanese government and industry have been left with no choice but to take action against Daihatsu. Calls are mounting for swift accountability from Daihatsu, along with the formulation of a restructuring plan for the minicar market. A Japanese government official emphasized, "This incident is not merely a matter for a single company but a critical issue that could affect the entire minicar industry. We need to establish countermeasures promptly."
