00:00 It's Benzinga and here's what's on the block.
00:03 Toyota's chairman apologized for cheating on certification and safety tests for seven
00:07 car models and promised to correct any wrongdoings.
00:10 His remarks coincided with a Japanese government investigation initiated earlier in the year
00:15 which encompasses several car manufacturers.
00:18 The scandal may not affect Toyota's non-Japanese market but could pose a challenge in their
00:22 home market.
00:24 Toyota has temporarily stopped shipments and sales of three models produced in Japan.
00:28 Other Japanese car companies have also admitted to improper vehicle testing and have halted
00:33 production but reassured customers of their safety.
00:35 For all things money, visit Benzinga.com.
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