Mitsubishi has admitted to falsifying fuel econmy test data for more than 600,000 vehicles sold in Japan.
Transcript:
Mitsubishi is the latest automaker to admit to manipulating automotive tests. In this case, it aimed to make fuel economy data appear better than it actually was.
In a press conference Friday, Mitsubishi executives apologized for falsifying data for some 625,000 vehicles sold in Japan.
All the vehicles affected were mini-car models manufactured by Mitsubishi, but some of them were sold by Nissan. Mitsubishi said the fault was discovered during Nissan's in-house testing.
Mitsubishi says it is putting together a committee of experts from outside the company to investigate the issue and determine if it affected any vehicles sold overseas.
Mitsubishi's shares plunged 15 percent in the Japanese stock market following the announcement, putting its market value at $6.6 billion.
This news comes just months after Volkswagen admitted to falsifying emissions data for 11 million vehicles.
Mitsubishi's scandal doesn't appear to be nearly as widespread, but it further damages the public's trust of automakers.
This video includes clips from Mitsubishi Motors and images from Getty Images and Ramiz Rafique / CC By 2.0.
Sources:
Flickr
https://flic.kr/p/ffsaKk
Bloomberg
http://www.bloomberg.com/news/articles/2016-04-20/mitsubishi-motors-plunges-after-improper-handling-of-fuel-tests
Getty Images
http://www.gettyimages.com/license/522571970
Getty Images
http://www.gettyimages.com/license/522572002
Mitsubishi Motors
http://www.mitsubishi-motors.com/publish/pressrelease_en/corporate/2016/news/detailg420.html
Nissan
https://www.youtube.com/watch?v=FgShdA4IE8s
Volkswagen
https://www.youtube.com/watch?v=eo7vG_HyUSU
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