Toyota Bad News

Toyota has retained its lead as the world's biggest automaker by sales, beating German rival Volkswagen for the fourth consecutive year. Toyota's reputation for reliability is reeling after a string of high-profile recalls and failures this year. Let's take a look at whether it's a true shift or a temporary rough patch.

Toyota apologizes for cheating on vehicle testing and halts production of three models Toyota Chairman Akio Toyoda speaks during a news conference in Tokyo, Monday, June 3, 2024. Toyoda apologized Monday for massive cheating on certification tests for seven models as the automaker suspended production of three of them. The nation's top seller of automobiles has bad news for some owners of its vehicles, including its new bZ4x electric vehicle.

Toyota has issued a major recall of its twin-turbocharged V-6 engines powering the 2022 and 2023 Tundra pickup trucks and Lexus LX SUVs.Engines produced between late 2021 and early 2023 might have machining debris left in the engine; causing engine knocks or, worse cases, a spun bearing and complete engine stall.At first, Toyota was unsure how many engines were contaminated, but now, months. Japan's transport ministry raided the headquarters of motor giant Toyota on Tuesday, as a scandal over faulty safety data escalated. The world's largest carmaker has apologised for providing.

Japan's largest carmaker Toyota has been in the spotlight recently, but for all the wrong reasons. Goods and services from the land of the rising sun are known for their high standards and quality. Toyota is being challenged by currency upheaval and a safety certification scandal but is riding high on hybrid expertise as rivals succumbed to premature EV enthusiasm.

Toyota's July-September profit has sunk to less than half of what it was in the same period the previous year, as a production stoppage that followed a certification scandal and recalls dented vehicle sales. Toyota Motor Corp. said Monday that power output data had been manipulated for 10 of its models sold globally, in a new blow to the world's biggest automaker group, which has been plagued by a series of quality control issues in recent years.