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U.S. officials announced a $1.6 billion deal with Toyota's Hino Motors unit to settle charges it deceived regulators about the amount of emissions spewed by its diesel engines.
In January 2024, Toyota temporarily suspended shipments of over 10 vehicle models after discovering irregularities for certification tests for a number of its diesel engines. Production vehicles had used different electronic control units than those used during horsepower testing. The company stated it had sold about 84,000 vehicles with the ...
Kazuo Nagano (永野 一男, Nagano Kazuo, August 1, 1952 – June 18, 1985) was a Japanese fraudster.He was chairman of Toyota Shoji [] (unrelated to the car manufacturing company), a fraudulent gold investment company, which was responsible for swindling 3,855 people, mostly elderly, out of 12 billion yen.
Carlos Ghosn (/ ɡ oʊ n /; [1] French: [kaʁlɔs ɡon]; Arabic: كارلوس غصن; Lebanese Arabic pronunciation: ['kaːrlos 'ɣosˤn], born 9 March 1954) is a businessman and former automotive executive.
Japanese officials descended on the headquarters of Toyota on Tuesday, after a safety test scandal at a number of automakers in the country widened this week.
The miracle cars scam was an advance-fee scam run from 1997 to 2002 by Californians James R. Nichols and Robert Gomez. In its run of just over four years, over 4,000 people bought 7,000 cars that did not exist, netting over US$ 21 million from the victims.
Ex-CEO Winterkorn is indicted on fraud and conspiracy charges in the US [16] 18 June 2018: In connection with the case, Audi CEO Rupert Stadler is arrested in Germany. [17] 16 October 2018: Audi agrees to a fine of €800 million in Germany to resolve civil claims over duty to oversight (Verletzung der Aufsichtspflicht in Unternehmen) [18] 14 ...
BOSTON (Reuters) -Three cryptocurrency companies and 15 people have been charged with engaging in widespread fraud and market manipulation following an investigation in which the FBI for the first ...