One of the worlds largest motor companies, Mitsubishi, has admitted to cheating fuel tests. The company released a statement that shows the cheating has been going on for 25 years, way longer than initially thought. Almost immediately after the confession the company's stocks dropped 10 percent and half of their market value vanished. The vehicles with false fuel tests have only been sold in Japan according to Mitsubishi.
Mitsubishi isn't the first motor company to admit to cheating tests. In 2014 Hyundai and KIA payed a total of $100 million to the U.S. for lying about fuel economy. That same year Ford compensated about 200,000 vehicle owners after discovering the gas mileage was wrong
-Alex Pannell
Mitsubishi isn't the first motor company to admit to cheating tests. In 2014 Hyundai and KIA payed a total of $100 million to the U.S. for lying about fuel economy. That same year Ford compensated about 200,000 vehicle owners after discovering the gas mileage was wrong
-Alex Pannell