Toyota unit Hino Motors considers action against executives over engine data scandal

60
1
Toyota unit Hino Motors considers action against executives over engine data scandal

TokYO Reuters -- Toyota Motor Corp's truck and bus-making unit, Hino Motors, is considering action against executives over a long-running engine data scandal, Hino said on Friday after a report that it could claw back pay from former managers.

The company has decided to claw back some compensation from past managers as well as cut pay of its current president and some other executives, according to the Asahi Shimbun newspaper.

Hino said in a statement that the company had not announced its management responsibility and other issues but that it was true that the company was considering the matter and plans to bring it up at a board meeting on Friday.

It didn't elaborate.

Hino has been badly hit by the scandal in which it admitted falsified data on engines going back as far as 2003, at least a decade earlier than originally indicated. More than five times the figure was initially revealed, about 640,000 vehicles have been affected.

In 2001, Hino became a Toyota subsidiary and nearly all Hino presidents have previously worked for Toyota.