27 Apr '16, 3pm

Mitsubishi President Says MPG Scandal Threatens Its Survival

Mitsubishi President Says MPG Scandal Threatens Its Survival

As an investigation widens in Japan on 25 years of confessed mpg data misreporting, Mitsubishi’s president and others say the company is at risk to survive. “I’m taking this as a case that could affect our company’s existence,” said President Tetsuro Aikawa in a press conference yesterday speaking of admitted misdeeds for now confined to Japan. “My mission is to solve the issue.” In addition to government regulators in Japan probing, the company’s board has assigned three ex-prosecutors to internally investigate over the next three months or so. Bloomberg reports during this time there may be a lack of info on potential compensation and other details for affected investors, customers, and supply partner Nissan. “Right now, understanding which cars and how many of them are at stake is the most important thing,” said Koji Endo, a Tokyo-based analyst with Advanced Research Ja...

Full article: http://www.hybridcars.com/mitsubishi-president-says-mpg-s...

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