Mitsubishi fraud shock
Mitsubishi Motors Corp (MMC) has admitted it fudged fuel statistics for 25 years.
Last week, the company admitted to cheating on fuel efficiency tests for the 657cc mini-cars it makes and sells in Japan, and which Nissan resells. Now it says the testing regimen has been falsified since 1991, and more vehicles may be involved.
"Sufficient investigation has not been made into MMC vehicles other than the mini-cars described above; we plan to submit a separate report after looking into those models," it said in a statement. Shares in MMC fell 10 per cent on the news and are now down 50 per cent on their price at the start of the year. ®