Daihatsu, the Japanese automaker owned by Toyota, has halted domestic production after admitting it forged the results of safety tests for its vehicles for more than 30 years.
Daihatsu, the Japanese automaker owned by Toyota, has halted domestic production after admitting it forged the results of safety tests for its vehicles for more than 30 years.
There is no fine on earth that could be levied that would discourage others from doing this. If they have profits higher then who cares.
I’m in favor of forceful dissolution.
If you prove you cannot run a company safely, repeatedly violate safety violations and continue to do so for DECADES then you shouldn’t be allowed to sell any product, ever again, to the public. The company should be scrapped and all assets sold off or let the government take it and start making cars but drop the cost massively and only sell to its citizens ala pharmaceuticals.
People get their drivers license taken away for far less than this. For pretty small things overall. Toyota laughed at customer safety for 30 years and has only admitted it when caught. Why the fuck is this company allowed to continue existing?
Similar to the VW emissions scandal:
https://en.m.wikipedia.org/wiki/Volkswagen_emissions_scandal
That wasn’t over 30 years though…
Was the first thing that came to mind. Also should have been scrapped.
If you’re violating regulations you literally cannot be trusted on anything else.
Capitalism…
I get the anger, but that’s the worst possible solution.
Where do you think the people that have been pulling this off successfully for years are gonna go? To unemployment lines, or to the next big paycheck in some other company? Spoiler alert: publicly traded companies are the natural habitat of ambitious twats with zero scruples.
And how about the guys that actually work the shop floor, how likely are they to have some other work opportunity that pays as well?
Translation: It is acceptable for a multi-national corporation to fuck over the general public safety of the entire fucking planet for DECADES because people will lose a job if they don’t do it. Therefore you should levy some basic punishment that will not affect them at all.
Sorry. Not buying it.
Your hitting a straw man , but knock yourself out.
Nowhere was I advocating for “basic punishment”. Take the fuckers who came up with this and give them good proper jail sentences. Do the same to every single guy above them who allowed this. Slap fines that are a % of the company’s revenue, and not some weak ass random value. Go after the shareholders and make them pay the fine, not allowing the company bankrupt.
Closing down the company makes everything go away, the guys who benefited billions off of this get to walk away without a scratch. And you think that’s the better idea… Oh man.
Accusing me of hitting a strawman while you’re actively making shit up, assuming and shoving words down my mouth trying to turn my position into something entirely different.
I do not respect you enough to put any more energy into talking with you. Bye.
Fines are just the cost of doing business to these bastards.
I don’t think that’s the way to do it. The workers who have nothing to do with it get shafted by losing their jobs and there is a little less competition in a world where there isn’t enough in some industries. I think long jail sentences will the best deterrent. Fines only do so much. C-level executives needs to start going to jail.
Shutter a company and instead of a fine force the company to continue paying those workers at full pay for a defined amount of time like 5-10 years.
But that would encourage workers to speak up if they see their companies doing something wrong because it could make everyone lose their jobs. I think that would be a benefit overall.
I agree people should go to jail too. For sure
when the punishment is a fine, it’s only a crime if you’re poor.