fuel-economy
Mitsubishi Motors brings in new R&D chief, restates results after scandal
May 25, 2016 by elegant · Leave a Comment
Mitsubishi Motors Corp said a Nissan Motor Co executive would become its head of research and development, part of a management overhaul in the wake of a mileage cheating scandal that also prompted it to restate earnings. Nissan is preparing to take a controlling one-third stake in Mitsubishi, which is reeling from its third scandal in two decades. Mitsubishi has seen over $3 billion wiped off its market value after admitting last month it overstated the …
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Mitsubishi Motors brings in new R&D chief, restates results after scandal
fuel-economy
Mitsubishi Motors may skip earnings forecast due to data scandal: source
April 24, 2016 by admin · Leave a Comment
Mitsubishi Motors Corp is unlikely to issue an earnings forecast for the current financial year when it announces annual results this week, due to uncertainty about the financial impact of its misleading fuel economy data, a person close to the company told Reuters on Sunday. The Japanese automaker is under investigation by the transport ministry after saying last week that it overstated the fuel economy of four of its minivehicle…
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Mitsubishi Motors may skip earnings forecast due to data scandal: source