Kobe executives now qualify for their own reality TV show
❝ Boeing, Toyota, Nissan and other big companies are scrambling to check the safety of their products after it emerged they had been supplied with falsely certified metal from Kobe Steel in a deepening scandal that has dealt a fresh blow to confidence in industrial quality controls in Japan.
More than a fifth of the value of Japan’s third biggest steelmaker was wiped off after trading resumed in the company following its admission of falsifying inspection data on an estimated 20,000 tonnes of metals shipped to about 200 customers in the year to August 2017.
❝ The steelmaker had sold metal with strength that did not match the quality standard it had promised its clients for use in products ranging from cars to aircraft. It warned at the weekend that the problems could stretch back 10 years.
❝ It is the latest in a string of scandals highlighting wider concerns about inspection and quality control in Japan from wobbly building pilings at the construction arm of Asahi Kasei to overstated fuel economy at Mitsubishi Motors. The Kobe Steel news came just days after Japanese carmaker Nissan was forced to recall about 1.2m vehicles that were inspected by unauthorised technicians.
Other companies affected by the Kobe Steel scandal include Mitsubishi Heavy Industries, Kawasaki Heavy Industries, IHI, Honda, Mazda and Subaru. Kobe Steel said it had no evidence of any safety concerns as a result of the fraudulent certification.
If Japan can get away with corruption like this for a decade, it sets a new goal for Trump and his chump followers to try to match.