Mitsubishi Motors Corp recognized the use of test methods saving fuel is not compatible with Japanese standards since 1991, far more than previously recognized, and implement an external investigation committee.
“For the local market, we have been using that method since 1991, “said company vice president Ryugo Nakao at a press conference said that although no one knows how many models are affected. Mitsubishi Motors (MMC) announced last Wednesday have used a method not in accordance with Japanese law “to present consumption rates more favorable than those fuels were actually”.
The company said then that they were affected about 625,000 vehicles manufactured since 2013 and sold only in Japan, including 468,000 produced by fellow Japanese manufacturer Nissan.
the company’s shares have collapsed in the Tokyo stock market since the scandal broke the Wednesday, losing nearly half of its value.
“All I can do is apologize, but I was not aware” the president of Mitsubishi, Tetsuro Aikawa, said Tuesday and admitted that the crisis will damage the finances of the company.
to try to clarify the case, Mitsubishi Motors announced the launch of a “special commission of inquiry composed solely of outside experts” who will submit a report in three months.
Several executives explained at the press conference that the measurement methods of energy efficiency were not replaced when years ago the Japanese government ordered the automotive industry that modernized.
last week the ministry of Transportation registered the company headquarters, a decade after the manufacturer was saved from bankruptcy when it was discovered that he had concealed a series of defects in their vehicles.
on Saturday, business daily Nikkei said the company plans to compensate customers affected by fraud.
These new revelations raise doubts about the future of Japanese industry, but also on the automotive sector, after which in recent months erupted several scandals involving testing efficiency and anti-pollution controls.
for the German automaker Volkswagen, who admitted having placed a device on the engine of about 11 million vehicles around the world to seem less polluting, the scandal has already led him millions in losses and final costs can not yet be estimated.
in 2015 recorded a net loss of 1,582 million euros, its first annual balance sheet in red in over 20 years. Mitsubishi, which has 30,000 employees, sells one million vehicles per year worldwide. On Wednesday, the company plans to present its results for the year ended in late March exercise, but probably will refrain from delivering projections for this year.
The company had already warned that the impact of the scandal will be substantial and according to analysts, the consequences will be worse than those suffered by Volkswagen.
AFP and Reuters
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