KUALA LUMPUR, Nov 19 (Bernama) -- Bursa Malaysia gave up earlier gains to end mixed today, amid a higher regional market showing, as property, construction, and healthcare counters attracted buying interests, while plantation, banking, and telecommunication stocks saw some profit-taking, an analyst said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 1.70 points to close at 1,602.34 from yesterday’s close of 1,604.04. The benchmark index, which opened 0.86 of-a-point lower at 1,603.18, moved between 1,601.02 and 1,608.88 during the trading session. However, the broader market was mixed to higher, with gainers leading decliners by 565 to 438 while 502 counters remained unchanged, 961 untraded, and 14 suspended. Turnover narrowed to 2.83 billion units valued at RM2.08 billion versus 2.96 billion units valued at RM2.23 billion yesterday. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said the benchmark index remained range-bound and it required a dec
The Japanese government has issued a corrective order to Toyota Motor Corp after discovering new violations in the company's vehicle certification procedures.
The transport ministry's on-site inspections revealed widespread, intentional misconduct and irregularities in seven additional models that had not been previously disclosed. This follows earlier revelations in June.
Key Points:
Newly Discovered Violations:
- The ministry's inspections uncovered irregularities in the certification of seven more models.
- These issues involve both currently produced and discontinued models.
Toyota's Response:
- Toyota has acknowledged the corrective order and stated it will "make drastic reforms to ensure appropriate certification operations."
Previous Admissions:
- Earlier this month, Toyota had claimed no new cases of wrongdoing beyond those reported in June.
- In June, Toyota and four other automakers admitted to submitting flawed or manipulated data for vehicle certification.
Affected Models:
- Newly discovered violations involve three production models: Corolla Fielder, Corolla Axio, and Yaris Cross.
- Discontinued models include some sold under the Lexus brand.
- Additional models with irregularities include the Noah, Voxy, Harrier, and Lexus LM, with six of these certified in other countries. Authorities in those countries have been alerted.
Industry-Wide Checks:
- The investigation and subsequent corrective order follow an industry-wide check mandated by the transport ministry after a safety test scandal at Toyota's Daihatsu compact car unit.
The latest findings and the corrective order highlight the need for comprehensive reforms in Toyota's certification processes to ensure compliance and integrity in vehicle safety and performance standards.
Comments
Post a Comment