Toyota says president of small-car unit Daihatsu to step down By Reuters

© Reuters. Daihatsu Motor President Soichiro Okudaira leaves a press convention in Tokyo, Japan December 20, 2023. REUTERS/Issei Kato/File Photograph

TOKYO (Reuters) – Toyota Motor (NYSE:) Corp stated on Tuesday the president and chairman of its small-car unit Daihatsu will step down following revelations of misconduct associated to rigged collision-safety checks.

Toyota’s chief government officer for the Latin America and Caribbean area Masahiro Inoue will substitute Soichiro Okudaira as Daihatsu’s president efficient March 1, the Japanese automaker stated.