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Management admits falsifying minivehicle fuel efficiency by 5-10%

    On 20 April, Mitsubishi Motors revealed that it had conducted fuel efficiency testingon minivehicles improperly, thereby making their fuel efficiency appear 5-10% betterthan their true efficiency. A total of 625,000 minivehicles were affected, breakingdown into 157,000 eK Wagon and eK Space minivehicles sold under the Mitsubishibrand, and 468,000 minivehicles manufactured on an OEM basis for Nissan Motor.

    We estimate costs of ¥42.5