Toyota Motor Corporation Issues Statement on Impact of Kobe Steel Announcements

Toyota Motor Corporation issued a statement and provided an update regarding its investigation into the impact of Kobe Steel’s recent announcements on improper conduct related to materials used in vehicle bodies, specifically for Toyota and Lexus vehicles. The ongoing, initial phase of investigation has been focused on aluminum plates based on the information received from Kobe Steel on October 8, 2017. Toyota has confirmed that the affected aluminum plates were used in the construction of hoods, rear hatch, and front door hinge components of certain vehicles.