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| Mitsubishi Motors 'mishandled fuel economy tests' | Mitsubishi Motors 'mishandled fuel economy tests' |
| (35 minutes later) | |
| Mitsubishi Motors shares plunged after the Japanese carmaker said it was preparing to release details about misconduct in fuel economy tests. | Mitsubishi Motors shares plunged after the Japanese carmaker said it was preparing to release details about misconduct in fuel economy tests. |
| “One of our models was found to have failed part of a fuel economy test,” a company spokesman told Reuters. | “One of our models was found to have failed part of a fuel economy test,” a company spokesman told Reuters. |
| Mitsubishi Motors’ president, Tetsuro Aikawa, will hold a news conference on Wednesday, due to start at 9am UK time. | Mitsubishi Motors’ president, Tetsuro Aikawa, will hold a news conference on Wednesday, due to start at 9am UK time. |
| The company improperly handled fuel economy data involving its minicars in Japan, a transport ministry official told Bloomberg. | The company improperly handled fuel economy data involving its minicars in Japan, a transport ministry official told Bloomberg. |
| Related: VW emissions cheat software came from Audi – report | |
| Shares in Mitsubishi Motors, which is controlled by Japan’s Mitsubishi conglomerate, dropped 15% in Tokyo – their biggest fall in almost 12 years. | Shares in Mitsubishi Motors, which is controlled by Japan’s Mitsubishi conglomerate, dropped 15% in Tokyo – their biggest fall in almost 12 years. |
| Mitsubishi Motors is set to join Hyundai, Kia and Ford in the list of carmakers that have mishandled testing or reporting of their models’ fuel economy. | Mitsubishi Motors is set to join Hyundai, Kia and Ford in the list of carmakers that have mishandled testing or reporting of their models’ fuel economy. |
| Hyundai and its Kia affiliate agreed to pay $350m (£244m) in 2014 to the US government for overstating vehicles’ fuel economy ratings. | Hyundai and its Kia affiliate agreed to pay $350m (£244m) in 2014 to the US government for overstating vehicles’ fuel economy ratings. |
| Carmakers are under intense scrutiny about the claims they make for their vehicles after Volkswagen admitted last year that it rigged emissions tests. | Carmakers are under intense scrutiny about the claims they make for their vehicles after Volkswagen admitted last year that it rigged emissions tests. |
| VW has set aside €6.7bn (£4.8bn) to pay for the crisis and its shares are down about 30% since the scandal was revealed in September. | VW has set aside €6.7bn (£4.8bn) to pay for the crisis and its shares are down about 30% since the scandal was revealed in September. |