Tokyo prosecutors indicted Kobe Steel Ltd. over the faked data crisis that rocked Japan’s manufacturing industry last year. The company was indicted on suspicion of breaching Japan’s unfair competition law in connection with falsified inspection reports for the year through …
Kobe Steel Ltd said on Tuesday its CEO will step down to take responsibility for a widespread data fraud scandal, although doubts remain over a corporate culture mired in malfeasance and the possibility of future fines. Japan’s third-largest steelmaker, which …
A string of data-tampering scandals at Japanese manufacturers has not tarnished Japan’s image, though it has been a powerful reminder to avoid sacrificing quality when under cost or delivery pressure, a senior economic official said on Wednesday [Dec. 27]. Since …
Kobe Steel Ltd, at the center of a data-falsification scandal that has shaken Japan’s manufacturing industry, admitted for the first time that executives were aware of the cheating, and reassigned three senior officials. Japan’s No.3 steelmaker, which supplies the manufacturers …
Kobe Steel Ltd. said on Friday it has been hit with lawsuits over its data tampering scandal and has had two more badges of industrial quality removed, the latest setbacks for the Japanese steelmaker as it seeks to restore its …
When cheating becomes habitual, the consequences could be costly. Embattled Kobe Steel Ltd said on Tuesday the U.S. Justice Department is asking the steelmaker to provide documents related to its data falsification scandal. That came after a source with knowledge …
Just over a week out from revelations of a cheating scandal that plunged Kobe Steel Ltd. in crisis and ensnared hundreds of firms, the embattled steelmaker’s shares skidded to five-year lows on Monday as investors worried about the financial and …
The cheating crisis engulfing Kobe Steel Ltd just got bigger. Chief Executive Hiroya Kawasaki on Friday revealed that about 500 companies had received its falsely certified products, more than double its earlier count, confirming widespread wrongdoing at the steelmaker that …
Kobe Steel Ltd.’s legal problems are just beginning in wake of the company’s disclosure that it falsified data for years about the durability of aluminum and copper used in airplanes, trains and vehicles. The Japanese company, which supplies many of …
The scandal engulfing Kobe Steel Ltd. deepened on Wednesday as the Japanese steelmaker said it may have falsified data about another of its products, which is typically used in automobile parts including brakes and steering components. The country’s third-largest steel …
