Mitsubishi Motors said it falsified fuel economy test data to make emissions levels look more favourable, and its shares slumped more than 15%, 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. Shares in the company closed down more than 15% at 733 yen, the stock's biggest one-day drop in almost 12 years. In 2000, Mitsubishi Motors revealed ...
Mitsubishi admits to manipulating fuel economy tests, shares tumble
Move said to be done to make emissions levels look more favourable; shares slump more than 15%