FX.co ★ Taking the blame: the biggest misconducts of automakers
Taking the blame: the biggest misconducts of automakers
- In 2016, shares of Suzuki Motor dropped by 9.4 percent after the company said it had used improper tests. Suzuki used the wrong methods to test the fuel economy of its cars in Japan.
The Japanese carmaker Mitsubishi Motors admitted using fuel-economy testing methods that did not comply with Japanese regulations for 25 years, much longer than previously known.
The head of the enterprise, Tetsuro Aikawa, had to publicly apologize to the buyers.
Volkswagen admitted that 11 million of its vehicles were equipped with software that was used to cheat on emissions tests. The incident is also known as dieselgate.
Volkswagen Group CEO Martin Winterkorn publicly apologized to buyers and resigned.
- Mike Horn, president of Volkswagen in the US, also admitted his company systematically cheated in emissions tests.
Japanese manufacturer Toyota had to apologize publicly for incompetence of one of its employees. This time there were no speeches about cheating consumers. The case concerned the arrest of Julie Hamp (now ex-managing officer), who imported oxycodone without permission. Due to the incident, Julie Hamp had to resign, and the head of the company brought a public apology.
Another Japanese brand Takata also had to publicly apologize. In June 2015, the general director of this enterprise, Shigehisa Takada, apologized for the low-quality airbags. The scandal around this Takata product lasted for a long time. The defective Takata airbags caused the death of people and recall of several million vehicles.
