The stock of Toyota Motor Corp (ADR) (NYSE:TM) closed $123.07 losing 0.97% in yesterday’s trading session. This company outlined that it had confirmed that the aluminum plates supplied by Kobe Steel, Ltd. (ADR) (OTCMKTS:KBSTY) had met the durability and safety standards.

Toyota in its latest statement asserted that it was at the moment directing much effort into trying to establish whether or not the non-aluminum products supplied by Kobe steel will be meeting the set standards.

Earlier this month, Kobe Steel revealed that it had falsified data on product specifications and quality for goods delivered to about 500 customers. That was a major blow to a reputation that Japan has struggled to make for ages. Over the years, the company has stood out above the rest as a top-end manufacturer.

This company is not one of those that will just sit back as see everything run down the drain according to one analyst following closely on the company’s progress. He has said that the company already has some plans underway which it hopes will see it through. It is trying to win over the confidence of all its customers from around the globe following the incident.

The company’s spokesperson in a recent statement opined, “I hope everyone that has had to do business before will agree with me that at times challenging times hit someone when least expected. One may get desperate to the point where he does something grave, but what matters is the decision one makes after.”

One of the officials working with the company acknowledges that they were indeed encountering difficult times trying to put up with competition as well as uphold their relevance.

He added that it was not the first time that they been through a challenge and they had emerged victorious.