Daihatsu’s complete production halt following the additional fallout from its safety test scandal is set to hurt the automaker financially. According to a Nikkei Asia news report, it is estimated that the company could suffer over 100 billion yen (RM3.2 billion) in losses stemming from its plant shutdown as well as from providing financial compensation to suppliers.
The brand hasn’t provided a date as to when domestic production will resume, but earlier news reports indicated that it said the production halt would last at least until the end of January. As for Indonesia and Malaysia, production and shipments have resumed.
On top of its own lost domestic sales, Daihatsu is due to negotiate with suppliers about compensating them for lost income, and this is expected to be costly. On top of all this, further expenses stemming from investigations and additional safety tests are also set to come into the equation.
For fiscal 2022, the automaker reported a consolidated operating profit of 141.8 billion yen (RM4.6 billion) and a net profit of 102.2 billion yen (RM3.3 billion), but it isn’t looking as rosy now. Should the impact of the scandal push consolidated earnings into the red, it would mark the first such losses the company has faced in 30 years, the report added.
It looks unlikely to face any cash flow problems right away, because as of the end of March, the company’s liquid assets minus liabilities to be repaid came to just over 500 billion yen (RM16.2 billion). However, production and sales aren’t the only things the company has to worry about, because the scandal – which resurfaced after a safety investigation carried out by an independent panel found issues involving 64 models – has caught the attention of regulators.
Japan’s transport ministry is conducting its own investigation and has directed Daihatsu to halt shipments until the safety of its vehicles can be verified, a process that might draw out for months. Additionally, the company could face other penalties, including revocation of the certification required for mass production.
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Aiseh, how can it end up like this? Did they do Gemba or not? What about conduct “5 Why” on the issue? Also 5S ke? Ni mesti tak buat poka-yoke dan Kaizen.
Sembang je kuat Japanese nie.
Yaah.. lol!
Ko tk mampu amik JDM mcm aku. Ko mne taw
JDM pun kenalah ngok.
The next time,u buy a Daihatsu /Toyota..bear in mind u might be buying a time bomb,if P2 or UMW refuse to allow regulators to” mechanically audit” them.
Looks like no regulatory body is stepping in to stop this unethical mess.
What make perodua so special that it can keep producing non stop when Daihatsu already stopped production?
R lives worthless compared to surging Perodua profits?
Busy counting bank notes
Malaysia and Indonesia productions can resume because we will be recalled for NEW DOOR or UR Safety Bars right?
this type of investigation from Japan Ministry should extend to overy other brands sold at Japan too.
e.g Honda, VW, BMW, Tesla, Volvo,
Proton not involved though.
I think many players can get caught following this.
Meanwhile, P2 continues to be the leading car brand in mesia and milking profits from B40
RM3.2 bil jer. Daim n old kuda LOL too, kakakah
I can tell you from Experience, the myvi, if you are driving on highway and need to avoid a incident, the car can be really dicey to control. It could have overturned. And this is the car most people drive after getting a driving license.
Funny u said this. The herd boikot killing of their type in some faraway land but their type also get killed on mesia roads yet they sapot these dangerous vehicles
The scariest feeling car I’ve ever driven is the Viva, that thing feels like it’s going to flip over when going through corners even at just snail speeds, and the whole car’s body and structure really feel like tin kosong. Quite a few models from P2 are so sketchy to drive yet we still see a bunch of rather ignorant people drive them like they’re driving sports cars and many eventually end up crashing them from pushing well beyond these cars’ very low capabilities.
Eurobeat playing on stereo
Japanese very difficult to bribe, Malaysians and Indonesians???
Yes??
with Jap ministry coming into picture, Daihatsu might be slap with another multi billion penalty.
WITH Daihatsu goner who will the work for P2 to copy
cheating for past 30 years?
Rubbing hands gleefully
every perodua owner in malaysia needs to band together and sue perodua come on now there are so many of you please do all of us a favor. make them lose money and go out of business forever.
Let’s see who has the financial mileage to take us to court
Dendam nampak…failed Interview dgn P2 ke hehe
How are they going to compensate current users then?
So malaysian and Indonesia lives are worth less than japanese lives? Still producing it here.
Funny you mention producing. Our reproductive rates are through the roof so no sweat. Population replacement taken care of.
Indonesia and Malaysia profit will surely cover this amount.
Integrity is no longer applicable to Japanese .. high time to review Look East Policy.
All this while mesia look lubang jamban polisi
Has the Malaysian government and JPJ started any investigation ? After all, these safety compromised cars were approved by the government for sale to Malaysian car buyers.
Most important issue is how will Perodua compensate the car buyer victims or fix these sub-safety standard cars ? Hope this new episode will not be swept under the carpet again. Car manufacturers make millions of ringgit, high time the Malaysian government protect car buyers, instead of protecting profit oriented car manufacturers.
A Malaysian Tesla Model 3 customer receives mismatched door panels
JPJ should investigate this too.
Only interested with roblok, selling registration numbers and driving license tests