Rajoo
04-20-2016, 11:24 AM
Mitsubishi Motors admits manipulating fuel economy data, shares tumble
Mitsubishi Motors Corp (7211.T) admitted to manipulating test data to overstate the fuel economy of 625,000 cars sold in Japan, knocking its shares down more than 15 percent and wiping $1.2 billion off its market value on Wednesday.
Probably has very little impact here in the US. I no longer see very many Mitsubishi vehicles on the road.
http://www.reuters.com/article/us-mitsubishimotors-regulations-idUSKCN0XH0LG
Mitsubishi Motors Corp (7211.T) admitted to manipulating test data to overstate the fuel economy of 625,000 cars sold in Japan, knocking its shares down more than 15 percent and wiping $1.2 billion off its market value on Wednesday.
Probably has very little impact here in the US. I no longer see very many Mitsubishi vehicles on the road.
http://www.reuters.com/article/us-mitsubishimotors-regulations-idUSKCN0XH0LG