Mitsubishi Motors to continue selling vehicles after the cheating scandal

News Hour:

Japanese automaker Mitsubishi Motors Corp will resume domestic sales of eight vehicle models on Oct. 1, the company said on Friday, after correcting overstated mileage readings in its second cheating scandal this year.

Japan’s sixth largest automaker has admitted it falsified the mileage on 12 models, including the Pajero and Outlander SUV, taking a blow to its reputation, reports Reuters.

The latest suspension came after a two-month suspension in sales of four mini-vehicle models this year, including two produced for Nissan Motor Co., following the initial admission of incorrect fuel economy readings.

The market value of the company has tumbled since that scandal broke, prompting it to seek financial assistance from Nissan, which agreed to buy a controlling one-third stake for $2.2 billion.

Japan is Mitsubishi’s fifth-largest market, following markets including Asia ex-Japan, Europe, and other regions. Its home country comprised roughly 10 percent of its vehicle sales during 2015/16.

Avatar

This article has been posted by a News Hour Correspondent. For queries, please contact through [email protected]
No Comments

Translate this News

Join the Facebook Group

Click here to join the Facebook group of News Hour

Popular Posts

Advertisement

News of the Month

September 2016
S M T W T F S
« Aug   Oct »
 123
45678910
11121314151617
18192021222324
252627282930  
Scroll Up
%d bloggers like this: