X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Mitsubishi President Tetsuro Aikawa bowed in apology Wednesday before briefing reporters on the extent of the cheating. (Photo: Bloomberg)

(Bloomberg) – Mitsubishi Motors Corp.’s disclosure that it manipulated fuel economy tests risks putting the Japanese carmaker back in a familiar position: needing help from Mitsubishi group companies to stay in business.

President Tetsuro Aikawa bowed in apology Wednesday before briefing reporters on the extent of the cheating. About 625,000 minicars produced over the past three years, three-quarters of which it supplied to Nissan Motor Co., were marketed as being as much as 10% more fuel efficient than they were by understating how much air and tire resistance they encounter out on the road.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

Dig Deeper

 

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.