Japan's Mitsubishi Motors has admitted it manipulated fuel-economy data on at least 625k vehicles, causing shares in the automaker to plummet. The improper testing took place on four Mitsubishi-made minicar models sold in Japan, including two supplied to Nissan Motors. Company president, Tetsuro Aikawa, admits the problems will significantly dent the company's profits, which until recently had picked up due to a boost in global auto demand; the firm will also negotiate compensation with Nissan. Furthermore, Mitsubishi has admitted it violated South Korean law over certain fuel-economy testing methods that it had been using on some models since 2002; the company will carry out an internal investigation into the extent of these problems and see whether they affect any cars outside of Japan.
Japan's Mitsubishi Motors has admitted it manipulated fuel-economy data on at least 625k vehicles, causing shares in the automaker to plummet. The improper testing took place on four Mitsubishi-made minicar models sold in Japan, including two supplied to Nissan Motors. Company president, Tetsuro Aikawa, admits the problems will significantly dent the company's profits, which until recently had picked up due to a boost in global auto demand; the firm will also negotiate compensation with Nissan. Furthermore, Mitsubishi has admitted it violated Japanese law over certain fuel-economy testing methods that it had been using on some models since 2002; the company will carry out an internal investigation into the extent of these problems and see whether they affect any cars outside of Japan.