Friday, April 22, 2016

Mitsubishi lost a fortune in market value in three days – The Financial

TOKIO. – The scandal over manipulation of test fuel Mitsubishi Motors Cor p deepened Friday when authorities automotive safety in the United States seeking information about

In addition,. media reported that the Japanese automaker had given misleading information about at least one more model to the disclosure and probably on several others.

shares Mitsubishi, the sixth largest automaker in Japan, closed lower Friday at 13.64 percent on the Tokyo Stock Exchange. Thus, added the decline of 19.42 percent on Thursday and 15.10 percent on Wednesday, which detracted 41.7 percent of its market value, or three thousand 200 million dollars.

This fall price of securities of Japanese multinational is explained by the announcement Wednesday that he had falsified the consumption of four vehicles of so-called ‘mini-cars’ that are marketed under the Mitsubishi and Nissan brands.

Total volume of vehicles affected by the results of erroneous consumption amounts to about 625 thousand units of Mitsubishi eK (Wagon and Space), with 157 thousand units, and Nissan Dayz and Dayz Roox (468,000 units).

the revelations led to the Japanese authorities to pave one of its research and development, while Standard & amp; Poor’s warned that its rating could be reduced even further into speculative grade.

senior Japanese government officials said that Mitsubishi may have to reimburse consumers if investigations determine that vehicles were not as fuel efficient as it was said, which adds to fears that the scandal could lead to high costs for compensation and fines.

“This is a serious problem that could lead to loss of confidence in the automotive industry our country, “said Transport Minister Keiichi Ishii, on Friday at a press conference.

local media reported that Mitsubishi gave misleading information about mileage on your electric car i-MiEV, which is also sold abroad. Models disclosed previously An official of the A National dministration Safety Highway Traffic States sold only in the Japanese market and Mitsubishi admitted having manipulated his readings of fuel economy.

States told Reuters that Mitsubishi requested information on vehicles sold in the country. The source declined to comment on which models requested information or requested data to other automakers.

With information from Reuters and Bloomberg

LikeTweet

No comments:

Post a Comment