01:17 GMT +322 July 2019
Listen Live

    Japanese Carmaker Mitsubishi to Pay $480Mln Amid Fuel Test Fraud

    © REUTERS / Chaiwat Subprasom
    Asia & Pacific
    Get short URL
    0 63

    Mitsubishi Motors Corporation will pay 50 billion yen ($480 million) in compensation to repair damage caused by a fuel-economy test fraud over the past ten years, local media reported Friday.

    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.


    Mitsubishi Motors CEO to Resign June 24 Over Fuel-Cheating Scandal
    Japan's Transport Ministry Inspects Mitsubishi Motors' Head Office
    Mitsubishi Motors Admits Falsifying Fuel Economy Tests, Shares Plunge
    Japan's Mitsubishi to Delay First Delivery of MRJ Regional Jets Until 2018
    compensation, fuel, manufacturer, car, Nissan, Kyodo news agency, Mitsubishi, Japan
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik