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France 24

Business

Yuka ROYER

Major Japanese carmakers admit to cheating on certification tests

Toyota Japan Daihatsu Honda Mazda Shein Suzuki the London Stock Exchange Yamaha

business © France24

Japanese carmakers Toyota, Honda, Mazda, Suzuki and Yamaha have admitted to cutting corners or providing false data in safety tests needed to get vehicle models certified. The disclosures come as a result of internal investigations ordered by Japan's transport ministry in the wake of massive test rigging at Daihatsu, a Toyota subsidiary. Plus, Chinese online fast-fashion giant Shein is poised to go public on the London Stock Exchange, with a potential valuation of nearly €60 billion.

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