Bloomberg (June 30)
2016/ 07/ 02 by jd in Global News
“In total, Toyota recalled 3.4 million vehicles worldwide on Wednesday…. Kind of a big deal, but you won’t find a hint of it on the company’s investor relations site, or its global corporate newsroom or SEC filings.” While “Toyota is doing right by its customers” and notifying them of these problems, “it’s letting its shareholders down by making that information so difficult to quantify at a company level.” Toyota isn’t even “the most egregious offender.” That distinction arguably goes to Takata, but Toyota certainly has an opportunity to improve information disclosure.
Tags: Customers, Egregious, Information disclosure, Investor relations, Newsroom, Offender, Recall, SEC filings, Shareholders, Takata, Toyota, Vehicles
