Japan transport minister wants Mitsubishi to consider buying back cars; shares plunge
[TOKYO] Japanese Transport Minister Keiichi Ishii said on Friday he wanted Mitsubishi Motors Corp to respond "with integrity" after revelations that it cheated on test to measure fuel economy, including by possibly buying back the cars in question, Kyodo news reported.
Ishi also told a regular news conference the ministry will re-examine its methods for testing vehicles' fuel economy, according to Kyodo.
Mitsubishi Motors' shares plunged as much as 16 per cent to a life-time low early in early trade. They were untraded all day on Thursday amid a glut of sell orders.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Toyota hits record annual output, sales on robust demand
Nissan, Mazda roll out new models for China as they aim for comeback
VinFast chief plans to invest US$1 billion more from his fortune in EV maker
XPeng CEO says its software, AI upgrades to enter ‘super fast cycle’
Swedish manufacturer is latest to offer electric pleasure craft in Singapore
Mercedes says it will continue to invest in China tie-ups