Toyota says aluminum plates from Kobe Steel meet standards

Toyota on Thursday said that aluminum plates supplied by Kobe Steel with falsified quality data which were used in parts for some of the Japanese automaker’s vehicles had met safety and durability standards. (Reuters)
Updated 19 October 2017
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Toyota says aluminum plates from Kobe Steel meet standards

TOKYO: Toyota on Thursday said that it had confirmed that aluminum plates supplied by Kobe Steel with falsified quality data which were used in parts for some of the Japanese automaker’s vehicles had met safety and durability standards.
In a statement, Toyota said that it was working to identify whether non-aluminum products supplied by Kobe Steel, which are used in the automakers’ Toyota- and Lexus-branded vehicles, will also meet the standards.
Kobe Steel earlier this month admitted that it had falsified data on product quality and specifications for goods supplied to around 500 customers, rocking supply chains around the world in a fresh blow to Japan’s reputation as a high-quality manufacturer.


Tesla shares fall after CEO Musk abuses British diver

Updated 51 min 41 sec ago
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Tesla shares fall after CEO Musk abuses British diver

  • The billionaire entrepreneur’s spat with British diver Vernon Unsworth started last week, after rescue teams rejected Musk’s offer of a mini-submarine created by his rocket company SpaceX
  • Musk gave no evidence for alleging Unsworth was a pedophile

NEW YORK: Shares of Tesla Inc. fell 2.75 percent on Monday after Chief Executive Elon Musk directed abuse on Twitter at one of the British cave divers involved in the rescue of 12 Thai children last week.
A number of analysts and investors, requesting anonymity, told Reuters that Musk’s comments are adding to their concerns that his public statements are distracting him from Tesla’s main business of producing electric cars. The stock sell-off knocked almost $2 billion off the company’s market value.
Tesla shares closed at $310.10 before rising 1.9 percent in after-hours trading.
James Anderson, a partner at Tesla’s fourth-largest shareholder, asset manager Baillie Gifford, called the weekend’s events “a regrettable instance” and said he had reiterated to the company the need for “peace and execution” of its core business.
The billionaire entrepreneur’s spat with British diver Vernon Unsworth started last week, after rescue teams rejected Musk’s offer of a mini-submarine created by his rocket company SpaceX to help rescue a 12-member soccer team and their coach trapped inside a flooded cave in the northern province of Chiang Rai.
“He can stick his submarine where it hurts,” CNN reported Unsworth as saying. “It just has absolutely no chance of working.”
Musk shot back on Sunday on Twitter: “We will make one (video) of the mini-sub/pod going all the way to Cave 5 no problemo. Sorry pedo guy, you really did ask for it.” The tweet was later deleted.
Tesla spokespeople and lawyers did not respond to emails and phone calls from Reuters requesting comment on Musk’s comments on Twitter.
Musk gave no evidence for alleging Unsworth was a pedophile. Unsworth said he would consider taking legal action against Musk over the remarks, in comments filmed in Chiang Rai on Monday by Australia’s 9News. Reuters could not reach Unsworth for comment.
Unsworth’s wife told Reuters on Monday that her husband was returning to Britain on July 19, where he will speak to lawyers.
Last week, Narongsak Osottanakorn, the leader of the rescue operation in Thailand, rejected Musk’s mini-submarine as not suitable for the task. Musk responded on Twitter on July 10, calling Osottanakorn “not the subject matter expert.”
Musk also regularly uses Twitter to criticize media reports on Tesla, which has struggled to meet its own production targets for its Model 3 sedan, which is seen as key to the company’s profitability.