Toyota Industries Corp. promised to rebuild its culture and leadership structure almost two months after an internal investigation found the engine supplier had subverted safety regulations.
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The president and senior executive officers will pay back a portion of their salary for failing to comply with certification requirements, the supplier added. The revelations emerged a month after a probe of a different Toyota unit, Daihatsu Motor Co., found that most of its vehicles weren’t properly tested for collision safety. Toyota later tapped the head of its operations in Latin America, Masahiro Inoue, to rebuild leadership and customer trust at the battered lightweight truck maker.
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