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Toyota, Hino Motors
Toyota truck unit Hino to pay $1.2 billion fine over US emissions cheating
Toyota Motor unit Hino Motors on Wednesday was charged with fraud in U.S. District Court in Detroit for unlawfully selling 105,000 heavy-duty diesel engines in the United States that did not meet emissions standards. A report by Nikkei Asia said that Hino was expected to settle the allegations pay a fine of $1.2 billion.
Toyota truck unit Hino to settle with U.S. over engine scandal
Toyota Motor's truckmaking unit had agreed to a merger with Mitsubishi Fuso Truck and Bus in 2023 but had to indefinitely postpone the deal while it dealt with the legal issue. With the settlement, Hino Motors will move forward with the merger plan.
Toyota's Hino unit agrees to plead guilty in $1.6 billion settlement of U.S. emissions fraud case
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.
Toyota unit Hino Motors reaches $1.6 billion US diesel emissions settlement
By David Shepardson (Reuters) -Toyota Motor unit Hino Motors has agreed a $1.6 billion settlement with U.S. agencies and will plead guilty over excess diesel engine emissions in more than 105,000 U.S.
Assembly Mag
12h
Toyota Chairman Akio Toyoda Calls Prospect of Nissan-Honda Merger 'Exciting'
For me, it’s quite exciting,” Toyoda said. “I’m looking forward to seeing how they cooperate and develop innovative, ...
9d
on MSN
Nissan Never Approached Toyota For Merger Plan: Toyota Chairman
Toyota Chairman Akio Toyoda said he's actually excited about a potential merger between Honda and Nissan. A s the automotive ...
3d
on MSN
Honda’s merger with Nissan looks like a disaster, but not all is lost
The problem is there is no likely outcome that would leave both companies and their employees better off than they are today.
FOX 40 WICZ TV
5d
Raymond's Merge With Toyota Material Handling Updates
Michael Field, the CEO and President of the Raymond Corporation, will take over the role of Toyota Material Handling's Chief ...
6d
Honda And Nissan's $58 Billion Merger Warrants Cautionary Approach From Investors
Honda and Nissan’s merger risks failure due to cultural clashes and misalignment. Find out why HMC and NSANY stocks are ...
Transport Topics
28d
Nissan and Honda Consider Merger to Take on Toyota
Honda Motor Co. and Nissan Motor Co. are exploring a potential
merger
, according to people familiar with the matter, which would create a singular rival to
Toyota
Motor Corp. in Japan and better ...
Investopedia on MSN
29d
Honda and Nissan Plan to Start Merger Talks, Report Says
Japanese automakers Honda and Nissan plan to begin discussions of a potential merger, according to a report from Tokyo-based ...
8d
on MSN
In rare feat, Nissan Z outsold the Toyota Supra in 2024
Nissan ’s prospect of a better future continues to improve amid merger talks with Honda. As Mitsubishi achieved record sales ...
7d
Nissan Never Approached Toyota for Merger: Chairman
In the face of an evolving automotive industry and rising consolidation trends, Toyota Chairman Akio Toyoda has confirmed ...
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