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."