The shares of Mitsubishi recorded the biggest drop in stock market in more than a decade, at a time when the Japanese manufacturer is embroiled in a match-fixing scandal of fuel-saving tests.
at a press conference held this Wednesday, April 20, the company confirmed that there was manipulation of fuel economy tests on more than 620 thousand vehicles to make them more favorable emissions.
False tests involved 157,000 cars in Mitsubichi mark (models eK Wagon and eK Space) and 468,000 vehicles produced for Nissan (models Dayz and Dayz Roox) . It is small passenger car , with petrol engines up to 660 cubic centimeters, which have a great success in the Japanese market.
“We want to express our deepest apologies to all affected customers,” said the president of Mitsubishi Motors, Tetsuro Aikawa, at a joint press conference with Japanese Minister of Transport.
The company president also explained that the problem was discovered after Nissan have pointed to inconsistencies in the emissions data, which led Mitsubishi to conduct an internal investigation and conclude that the data had been falsified.
“One of our customers, Nissan, found the differences between the values of the tests and actual and asked us to corrigíssemos our values, “explained the leader of the Japanese manufacturer.
The titles of Mitsubishi sank 15.16% on the Tokyo Stock Exchange, the biggest devaluation since July 2004 .
the company joins thus to Hyundai, Kia Motors and Ford, who have been involved recently in similar scandals involving manipulation of the process or the results of fuel-saving tests .
the automotive industry has been the subject of intense scrutiny since the German Volkswagen admitted in September last year, have manipulated the emissions testing on diesel engines.
(updated News at 09:52 with more information about the press conference)
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