Tag: Mitsubishi Motors
Mitsubishi admit to cheating since 1991 as domestic orders and share value is HALVED in wake of new scandal
We recently reported that Japanese car giants Mitsubishi have also admitted to cheating emissions results in a scandal similar to the Volkswagen one.
Internal investigations found that employees had been manipulating results of emissions testing, and in the wake of the scandal, they have since admitted that they’ve been doing it for 25 years – i.e. back to 1991!
In the wake of the admission, domestic orders of vehicles have halved, and their share value has also halved as well.
We’ve been waiting for it to happen – several other manufactures have already been investigated by the authorities on suspicion of misleading emissions data following on from the Volkswagen scandal.
Following internal investigations, Mitsubishi Motors has admitted their employees have manipulated emissions data which has led to their offices in Japan being raided by the authorities.
In a scandal that has an almost identical feel to the Volkswagen Emissions scandal, bosses at the Japanese car giants have released statements confirming that employees have misrepresented data.