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Japan carmakers vouch for safety of some Kobe Steel parts
Thu, Oct 19 2017TOKYO — Four Japanese automakers on Thursday said they found no safety issues with aluminum parts supplied by Kobe Steel Ltd, allaying some concerns that falsified quality data on products from the steelmaker had compromised their vehicles. Kobe Steel shares surged after the car makers' statements, but the steelmaker still has to contend with a U.S. Justice Department probe, while checks continue at hundreds of companies involved in complex supply chains spanning the globe. Japan's third-biggest steelmaker admitted earlier this month it falsified specifications on the strength and durability of aluminum, copper and steel products, along with materials for optical disks. The falsifications stretch back for more than 10 years, a senior executive told Reuters this week. Since then, global automakers, aircraft companies and other manufacturers have scrambled to identify potential hazards in their products. Toyota, Honda, Nissan and Mazda said that hoods and other exterior parts used in their cars which were made from aluminum directly supplied by Kobe Steel were safe. Kobe Steel shares ended the day nearly 7 percent higher but are still down by more than a third since it announced the data falsification. Automakers are still making checks on other parts, including those that they received through their parts suppliers. "We confirmed that the materials satisfy applicable statutory standards, and our own internal standard, for key safety and durability requirements for vehicles," Toyota said in a statement. Toyota, one of the world's largest automakers, identified aluminum plates supplied by Kobe Steel for the hoods and rear hatches of Toyota and Lexus brand vehicles. Though outside the automaker's specifications, they were still safe to use. While Subaru and other carmakers said they were still investigating the issue, the announcements by Toyota, Honda, Nissan and Mazda suggest that Kobe Steel's cheating scandal may have a limited impact on product safety."SERIOUS SITUATION" Nonetheless, the company's fate hangs in the balance while checks are being carried out. It must report to Japan's industry ministry by around the end of next week on any safety concerns and provide a more extensive account of the problems a fortnight later. Industry leaders have reached a consensus that Kobe Steel is in a "serious situation," a senior Japanese manufacturing executive told Reuters.
Performance cars overpower the Detroit Auto Show
Tue, Jan 13 2015At precisely the stroke of noon on Monday, the 2016 Acura NSX rolled on stage at the Detroit Auto Show amid plumes of smoke and dancing lights. The sounds of the powerful engine revving soared to the rafters. It was the second coming of Acura's iconic sports car, and the reveal had all of the expected trappings. Afterwards, champagne corks popped and the bubbly flowed. It was noon in Detroit, but for the green-car movement, it seemed like the clock had struck midnight. That's an exaggeration, but performance was the overwhelming theme of North America's most important show. Ford – which has helped lead the way in smaller displacement engines and early adoption of hybrid powertrains – had more than 1,500 horsepower on stage one point after it revealed the GT concept, the new F-150 Raptor and the Shelby Mustang GT350R. The NSX is technically a hybrid (it has three electric motors), but with 550-plus hp, there's no doubt this Acura was bred on the track. The theme continued throughout the show at nearly every stand. Alfa Romeo showed off the 4C Spider, which is the open-air version of a car that purports to be the spiritual successor of the high-performance 33 Stradale from 1967. On Tuesday, Cadillac is scheduled to reveal the 640-hp CTS-V with the V8 transplanted from the Corvette Z06, and the Lexus was expected to roll out its own V8-powered beast, the 467-hp GS F. For enthusiasts – especially enthusiasts with money – these are halcyon days. But make no mistake, all of this power has a purpose. Ford product chief Raj Nair said the Blue Oval uses high performance cars to develop technologies, like aerodynamics and materials, which are then shared across its lineup. "It's another proof point about how serious we are in developing innovation through performance," he said. Ford, which is rolling out at least 12 performance cars by 2020, said the sporty cars attract younger and more influential buyers to its fold, which can help burnish its image beyond adding sales volume. Toyota is taking a similar approach, senior vice president Bob Carter said, noting the Lexus RC coupe draws people into showrooms and gets them excited about the brand, even if they don't end up buying one. "They provide an aspiration and a halo that provides the attention that gets you noticed in a cluttered market," he said.
Toyota promotes Didier Leroy as highest-ranked foreigner
Wed, Jun 17 2015Toyota named Didier Leroy its first non-Japanese executive vice president Wednesday. He also sits on the company's board of directors. This follows Leroy's promotion in April, when he was named president of Toyota No. 1, the division which overseas R&D, manufacturing, sales, product planning, design, motorsports... pretty much everything for North America, Europe, and Africa, as well as sales in Japan. Leroy had served until now as head of Toyota's European operations, and will remain based at the company's regional headquarters in Brussels, Belgium. The appointment follows the earlier promotion of Julie Hamp. Previously group vice president at Toyota Motor North America, Hamp now serves as the company's global chief communications officer and is based in Japan, making her the first female senior executive in Toyota's history. Didier Leroy appointed as first non-Japanese Executive Vice President of Toyota Motor Corporation Mr Leroy was officially appointed today President of Toyota No. 1, which covers R&D, manufacturing and sales for the North America, Europe, and Africa regions; the Japan Sales Business Group; and the Product Planning, Design and Motorsports functions related to the Toyota No.1 regional scope. Toyota City, Japan - Today, Toyota Motor Corporation (TMC) officially appointed Didier Leroy as President of Toyota N°1 at TMC. The appointment took place at the 111th General Shareholders meeting. In this responsibility, Mr Leroy will oversee the R&D, manufacturing and sales operations for the North America, Europe and Africa regions; the Japan Sales Business Group; and the Product Planning, Design and Motorsports functions related to the Toyota No.1 regional scope. He also became today the first non-Japanese Executive Vice President of TMC, as well as member of the Board of Directors of TMC. This appointment takes place after the announcement made by TMC in March about changes to its executive structure in Japan, altering roles of top management. Mr Leroy will be based in Brussels. Related Video:
































