Toyota-owned automaker halts Japan production after admitting it tampered with safety tests for 30 years
Toyota-owned automaker halts Japan production after admitting it tampered with safety tests for 30 years
Toyota-owned automaker halts Japan production after admitting it tampered with safety tests for 30 years | CNN Business

Daihatsu, the Japanese automaker owned by Toyota, has halted domestic production after admitting it forged the results of safety tests for its vehicles for more than 30 years.
Similar to the VW emissions scandal:
https://en.m.wikipedia.org/wiki/Volkswagen_emissions_scandal
That wasn't over 30 years though...
Fines are just the cost of doing business to these bastards.
I don't think that's the way to do it. The workers who have nothing to do with it get shafted by losing their jobs and there is a little less competition in a world where there isn't enough in some industries. I think long jail sentences will the best deterrent. Fines only do so much. C-level executives needs to start going to jail.
Shutter a company and instead of a fine force the company to continue paying those workers at full pay for a defined amount of time like 5-10 years.
But that would encourage workers to speak up if they see their companies doing something wrong because it could make everyone lose their jobs. I think that would be a benefit overall.
I agree people should go to jail too. For sure
when the punishment is a fine, it's only a crime if you're poor.
At some point there needs to be physical punishments for shareholders. Like, "Oh, you invested in a company that's been willfully flaunting safety regulations for a generation? Yeah, you don't get to have hands anymore. Maybe you should have done some more due diligence."
Stumpify a few hundred thousand wall street types and maybe there'll be a culture change.
What would due diligence be by shareholders in a situation like this?