Hino Motors ( (JP:7205) ) has issued an update.
Hino Motors has been named as a defendant in a legal claim filed in the High Court of New Zealand. The claim, brought by several New Zealand companies, alleges that Hino engaged in misleading or deceptive conduct related to diesel engines in vehicles sold between 2010 and 2025. The plaintiffs are seeking damages, although the specific amount is not disclosed. Hino is reviewing the claims and preparing its defense, acknowledging the possibility of similar future claims but unable to determine the financial impact at this time.
More about Hino Motors
Hino Motors, Ltd. is a company operating in the automotive industry, primarily focusing on the manufacturing of diesel engines and commercial vehicles. It is headquartered in Japan and is known for its production of trucks, buses, and other heavy-duty vehicles.
Technical Sentiment Signal: Strong Buy
Current Market Cap: $1.7B
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