Toyota subsidiary shuts down production after admitting to decades of safety test 'irregularities'
Toyota bought a majority share in Daihatsu in 1967 and expanded that to a controlling interest in 1998 after the company failed to make an impact in the North American market.
Honda, Hyundai and Kia set sales records in May
Honda, Hyundai and Kia all reported record sales months in May as shoppers return to showrooms. Pent-up demand caused by the coronavirus pandemic is not slowing down.