Tresury & Risk Home Menu

Kobe Steel Is Likely to See Rush of Lawsuits

Japanese company admitted to providing substandard metals to more than 200 manufacturers, including GM and Ford.

Kobe Steel Ltd.’s legal problems are just beginning in wake of the company’s disclosure that it falsified data for years about the durability of aluminum and copper used in airplanes, trains and vehicles.

The Japanese company, which supplies many of that country’s top automakers, is likely to be targeted by investors, customers, consumers and regulators—both in its home country and in the U.S.—as the fallout continues from its admission this week, according to plaintiffs’ lawyers and legal experts.

Copyright 2017 Bloomberg. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Comments