Showing posts with label Mitsubishi Motors Corp. Show all posts
Showing posts with label Mitsubishi Motors Corp. Show all posts

Wednesday, April 27, 2016

Mitsubishi Motors Says False Mileage Tests Done Since 1991; Associated Press via New York Times, 4/26/16

Associated Press via New York Times; Mitsubishi Motors Says False Mileage Tests Done Since 1991:
"Mitsubishi Motors Corp., the Japanese automaker that acknowledged last week that it had intentionally lied about fuel economy data for some models, said an internal investigation found such tampering dated to 1991...
Japan is periodically shaken by scandals at top-name companies, including electronics company Toshiba Corp., which had doctored accounting books for years, and medical equipment company Olympus Corp., which acknowledged it had covered up massive losses.
Mitsubishi Motors struggled for years to win back consumer trust after an auto defects scandal in the early 2000s over cover-ups of problems such as failing brakes, faulty clutches and fuel tanks prone to falling off dating back to the 1970s. That resulted in more than a million vehicles being recalled retroactively."

Wednesday, April 20, 2016

Mitsubishi Motors Admits Falsifying Fuel Economy Tests To Make Emissions Levels Look More Favorable; Reuters via Huffington Post, 4/20/16

Reuters via Huffington Post; Mitsubishi Motors Admits Falsifying Fuel Economy Tests To Make Emissions Levels Look More Favorable:
"Mitsubishi Motors Corp said it falsified fuel economy test data to make emissions levels look more favorable, and its shares slumped more than 15 percent, wiping $1.2 billion from its market value on Wednesday.
Tetsuro Aikawa, president of Japan’s sixth-largest automaker by market value, bowed in apology at a news conference in Tokyo for what is the biggest scandal at Mitsubishi Motors since a defect cover-up over a decade ago."