Completely Discontinued! This Giant Has Been Falsifying Data For Nearly 20 Years! Affected 5000 Suppliers...

Completely discontinued! This giant has been falsifying data for nearly 20 years! Affected 5000 suppliers...

According to Japanese media reports recently, Hino Motors, a subsidiary of Japan's Toyota Motor Group, will completely stop the production of related models for the Japanese domestic market due to the impact of the previous engine inspection data violation scandal. How much impact will this have on the company and the industry chain?

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Fake engine data, Hino's self-made engine models will be discontinued

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Li Qianwen, special correspondent of Caijing Channel: The name of Hino Motors comes from Hino City, a suburb of Tokyo. Behind me is the headquarters and main factories of Hino Motors. According to the latest news from Japanese media, Hino Motors has notified suppliers that the production of models using Hino's self-made engines will be completely stopped for the Japanese domestic market, and this situation will continue at least until next summer. A person in charge of the public relations department of Hino Motors said that it is impossible to predict when the production will resume.
Hino engine data fraud and other violations for nearly 20 years

In March this year, Hino Motor's large and medium-sized truck engines were exposed to violations such as data falsification in fuel consumption and exhaust emission tests, and the product certification of related models was cancelled. Last month, it also found irregularities in the engine tests of the company's small trucks, with various violations spanning at least nearly 20 years. After the incident, Hino Motors has completely stopped the shipment of models with self-made engines in the Japanese domestic market.

Hino Motor's second-quarter operating profit fell 73% year-on-year
From the cessation of shipments to the cessation of production, Hino's operations have undoubtedly been hit hard. Affected by the fraud of engine data, Hino Motor's operating profit in the second quarter of this year decreased by 73% year-on-year. After the fraud scandal was exposed, the company's stock price fell sharply by 45% within six months. Some Japanese media pointed out that Hino Motors is facing a huge crisis of life and death.

Hino fraud scandal hits 5,000 Japanese suppliers
Not only Hino Motors itself, but also related industrial chains were affected. Hino Motors has about 5,000 suppliers in Japan. It is estimated that the annual transaction volume is nearly 1 trillion yen (about 48 billion yuan), of which about 180 companies have Hino-related business accounting for more than 30% of their sales. Family. It can be said that Hino's long-term suspension of production will inevitably affect these suppliers, and may even cause some companies to close down.