Kobe Steel chief admits scandal has hit trust as auto checks spread

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                                                            |By Yuka Obayashi

Today, the company announced that steel power products were also affected.

The supplier wrote in a news release Sunday that inspection certificates was "improperly rewritten, etc." for 19,300 tons of flat-rolled aluminum sheet and extrusions shipped between September 1, 2016, and August 31.

A Kobe spokesman told Reuters the firm is working with customers to check for any issues. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.

Meanwhile, General Motors is checking whether its cars contain falsely certified parts or components sourced from Kobe Steel. Attorney advertising. Prior results do not guarantee similar outcomes.

Kobe Steel's stock plunged by about 40 percent this week after the manufacturer on Sunday first admitted falsifying data linked to the strength and quality of products, a practice that may have started a decade ago.

Following revelations that the embattled steelmaker had falsified data for its iron powder, aluminum and copper products that has affected companies ranging from automakers to airplane manufacturers, Kobe Steel Ltd. Chairman and President Hiroya Kawasaki said there could be more cases contributing to the unfolding scandal.

Both companies said the components do not pose any safety risks, and that they are considering replacing them during routine maintenance.

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"We have confirmed that aluminum from Kobe Steel is used in the hoods and doors of some of our vehicles", Nissan group communications Director Brian Brockman wrote in an email.

JFE said it isn't actively considering purchasing Kobe Steel's steel business. "We are still investigating the details". Companies from Japan and overseas are investigating whether safety of their products has been compromised.

Nonetheless, investigations into these products are still ongoing, and issues could be found further down the line, as more information becomes available.

The steel maker has come under fire after revelations it shipped more than 20,000 tons of aluminum and copper products with fabricated inspection data to about 200 undisclosed companies.

"I talked with management of JFE, and I think they are very happy to buy Kobe Steel's steel businesses", Pham said on Thursday on Bloomberg TV.

Honda spokesman Tamon Kusakabe told AFP: "As to safety, we are still studying (a possible) impact. We will continue to investigate for further details and will respond, if needed, in order to ensure our customer's safety". The issue also lends weight to auto recyclers' push for a means of part-specific, rather than vehicle-specific, recall tracking.

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