Mitsubishi Motors Corp.’s disclosure that it manipulated fuel economy tests risks putting the carmaker back in a familiar position: needing help from Mitsubishi group companies to stay in business.
President Tetsuro Aikawa bowed in apology Wednesday before telling reporters the fuel efficiency of 625,000 minicars had been exaggerated by as much as 10 percent. The firm’s shares were set to fall by the 20 percent daily limit Thursday in Tokyo trading after plunging 15 percent Wednesday, the biggest decline in more than a decade.
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