MOSCOW (Sputnik) — Japanese car manufacturer Mitsubishi Motors Corporation (MMC) will pay 50 billion yen ($480 million) in compensation to repair damage incurred by a fuel-economy test fraud over the past ten years, local media reported Friday.
According to the Kyodo news agency, the MMC cheated fuel consumption rate probes for 20 models, making cars seem more fuel efficient than they actually were.
In April, the company acknowledged it had rigged the fuel tests for some 25 years, and 625,000 mini-cars manufactured by MMC and distributed through Nissan Motors Corporation (NM), were sold with improper fuel consumption results. The confession led to considerable decline in MMC stock and resignation of the company's chief executives.
