Toyota Chairman Apologizes Amid Scandals, Firm Retains Top-Selling Automaker Position

Despite recent scandals involving rigged tests and testing irregularities, Toyota announced record vehicle sales of 11.2 million in 2023, retaining its position as the world's top-selling automaker for the fourth consecutive year.

Toyota's chairman, Akio Toyoda, has apologized for recent scandals involving subsidiaries of the company, as the firm announced record vehicle sales of 11.2 million across its brands last year.
The scandals involve rigged safety tests at Daihatsu and Hino, and testing irregularities at Toyota Industries, leading to the suspension of shipments of 10 models that use diesel engines linked with these irregularities.
Despite the scandals, Toyota retained its position as the world's top-selling automaker for the fourth consecutive year, with a 7.2% increase in sales compared to the previous year.
Toyota has been slower than some rivals to embrace electric vehicle investment, selling just 104,018 EVs in 2023 compared to 1.81 million for Tesla and 1.57 million for China's BYD.
However, Toyota plans to have an electrified version for every Toyota and Lexus model globally by 2025, and aims to sell 1.5 million EVs annually by 2026 and 3.5 million by 2030.