Metals scandal forged over a decade puts big dent in Japan Inc
Kobe Steel staff falsified data related to strength and durability of some aluminium and copper products
Wed, Oct 11, 2017 - 5:50 AM
Kobe Steel's stock ended 22 per cent lower in Tokyo as customers including Toyota Motor Corp, Honda Motor Co and Subaru Corp said that they had used materials from the company that were subject to falsification.
KOBE Steel Ltd unleashed an industrial scandal that reverberated across Asia's second largest economy after saying that its staff falsified data related to strength and durability of some aluminium and copper products used in aircraft, cars and maybe even a space rocket.