Submission + - Mitsubishi Motors pulls a Volkswagen; Shares Drop (reuters.com)
Zane C. writes: The president of Japan's sixth largest auto corporation has admitted to manipulating test data on fuel economy for 625,000 total eK Wagon and eK Space models, as well as the Dayz and Dayz Roox models produced for Nissan Motors. The offending models have been taken off the market until the problem is fixed, and foreign markets are being investigated for similar violations. Upon the announcement of the manipulations, Mitsubishi's stock dropped 15% and it lost 1.2 billion dollars in market value.