Ford CEO Jim Farley sat down for a new edition of Yahoo Finance's Opening Bid podcast, sharing why the auto giant has spent $1 billion to rebuild a Detroit landmark and why he remains bullish on EVs.
TOKYO (Reuters) -Japanese transport ministry officials launched an on-site investigation at Toyota Motor's headquarters on Tuesday after irregularities were found in its applications to certify certain vehicle models. The widening fallout over certification tests stems from a safety test scandal at Toyota's Daihatsu compact car unit and has also ensnared other Japanese automakers after the ministry ordered industry-wide checks of certification practices. Toyota, Mazda, Honda, Suzuki and Yamaha Motor said they had submitted either flawed or manipulated data when applying for certification of vehicles.
While Toyota's (TM) fiscal 2024 performance was remarkable, the anticipated challenges in fiscal 2025 suggest that now might be an opportune time to book profits.