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TOKYO, Japan (AFP) — Japan’s Kobe Steel admitted Friday that a snowballing falsified data scandal had affected around 500 customers, more than twice as many as initially thought. More than 30 foreign customers were affected, including Boeing, Airbus, General Motors, Tesla, German automaker Daimler and PSA of France, according to Japan’s leading Nikkei business daily. The new estimate comes as Kobe Steel’s battered stock fell almost nine percent to finish at 805 yen ($7.20), down […]
TOKYO, Japan (AFP) — Six of Japan’s best-known carmakers including Nissan and Honda used products from Kobe Steel, a report said Wednesday, after the firm admitted to falsifying quality data in a growing scandal. Business daily Nikkei said Mitsubishi Motors, Subaru and Mazda had also used products from Kobe Steel in their vehicles. Auto giant Toyota has already said that Kobe Steel supplied materials to one of its Japanese factories, which used them in hoods, […]
