Japanese Domestic Market and Fuel Efficiency

Mitsubishi: The company said this concerns the Japanese domestic market and the number of vehicles involved is not known, according to Euro News. Last week Mitsubishi admitted submitting misleading data on the fuel efficiency of more than 620,000 cars. Managers have now admitted they have been using an improper fuel-efficiency testing method since 1991. Its offices have been raided by Japanese authorities and US vehicle safety authorities have also asked for more information. Forty percent has already been wiped off the value of Mitsubishi shares on the stock market. The company is the world sixth-largest car manufacturer and the new revelations have plunged it into crisis. (news.financializer.com). As reported in the news.