Mitsubishi Motors Scandal

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Mitsubishi motors has revealed the heavy financial toll from its fuel economy scandal. The japanese automaker says it expects to post a net loss of 145 billion yen ($1. 4. A scandal at mitsubishi electric corp. Involving fraudulent testing dating to the 1980s has already turned up nearly 200 cases of product quality fraud.

Mitsubishi motors president tetsuro aikawa will step down as the japanese automaker looks to regroup from its widening fuel economy testing scandal with the backing of. Mitsubishi motors has been told to stop selling eight more models after it was found they overstated fuel efficiency. The investigation by the transport ministry comes after. This scandal damaged the brand image of mitsubishi motors & also has made the way for nissan motor co. To buy more than 1/3 rd of the company’ s shares at a steep discount,. Mitsubishi motors' claims that it has rectified the crooked corporate culture that led to its previous scandals is now in doubt. It looks like you're using an ad blocker. To conclude, this report shows that the management had to be blamed for the happening of the mitsubishi motors corp. Scandal in 2016 which led to drop of the market value of mitsubishi.