Toyota cheated on forklift engine emissions, lawsuit in US claims [Yahoo! Finance Canada]
TOYOTA INDUS CRP UNSP/ADR (TYIDY)
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Source: Yahoo! Finance Canada
A complaint was filed by forklift purchasers on Sunday night in San Francisco federal court against Toyota and its affiliate Toyota Industries, the world's largest maker of forklift trucks. It came after an internal Toyota probe found in January that the company sometimes made software changes or substituted different engines in emissions tests, enabling forklifts to perform better there than in the real world. Toyota suspended some forklift sales in Japan in March 2023 because of emissions issues. But the plaintiffs said its misconduct first surfaced after an inquiry from the U.S. Environmental Protection Agency, though U.S. regulators have not brought any enforcement action. "Toyota has tried to limit the damage to Japan," but its "toxic culture of fraud, negligence, and noncompliance" undermined forklift engine certifications in all markets, including the United States, the complaint said. Toyota had no immediate comment on Monday. Lawyers for the plaintiffs also had no
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