Mitsubishi confesses to quarter of a century of improper testing

|About: Mitsubishi Motors ADR (MMTOY)|By:, SA News Editor

Things have gotten far worse for Mitsubishi Motors, which has now admitted that it improperly tested the fuel economy of its cars for 25 years, including falsifying data.

Last week, Mitsubishi (OTC:MMTOY) said it hadn't been complying with Japanese testing standards since 2002.

The latest disclosure has deepened concerns about Mitsubishi's viability - expect huge customer compensation costs - and sent shares plunging again.

Shares -9.6%. in Tokyo. (PR)

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