Tag: fuel efficiency

Fuel-cheating scandal wipes $2.5bn off Mitsubishi stock

by Daniel Leussink  TOKYO, Japan (AFP) — Mitsubishi Motors shares nosedived again Thursday as panic selling wiped about $2.5 billion off the automaker’s market value in response to its shock admission that it cheated on fuel-efficiency tests. The embarrassing revelation is the latest in a string of recent scandals to hit Japanese firms, while German giant Volkswagen struggles to restore its badly dented reputation after a massive emissions scandal. The news has also raised questions about […]