Kobe Steel Warns More Data May Be Falsified

The transcript discusses the issue of defective aluminum and copper products from Kobe Steel, impacting major companies like Nissan, Toyota, and Mitsubishi. The problem has affected stock prices and raised questions about corporate culture in Japan. Historical comparisons are made with past issues like Takata airbags. Ongoing investigations aim to track the defective materials and assess their impact on international supply chains.

What was the initial reaction of the company upon discovering the defective products?

• They blamed their suppliers.

• They self-reported the problem.

• They ignored the issue.

• They immediately fixed the defects.

How does the Kobe Steel scandal compare to other recent issues in Japan?

• It is seen as an isolated incident.

• It raises questions about a cultural pattern.

• It is less severe than other scandals.

• It is unrelated to other scandals.

Which of the following companies is NOT mentioned as a customer of Kobe Steel?

• Ford Motors

• Subaru

• Samsung

• Nissan

What is the estimated percentage of production affected by the defective materials?

• 1%

• 4%

• 25%

• 10%

What is the main concern for companies using Kobe Steel's materials?

• The availability of materials

• The quality and safety of products

• The color of the materials

• The cost of materials