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Tetsuro Aikawa


Mitsubishi Motors’ domestic orders for its vehicles have halved since the Japanese automaker revealed last week that it had been falsifying fuel efficiency tests.

Company president Tetsuro Aikawa said the situation was “very serious” but said he had no plans to resign immediately.

Tetsuro Aikawa said he did not know if sales abroad had been affected yet.

Mitsubishi shares have more than halved since the scandal broke.

Investors are worried that Mitsubishi Motors – Japan’s sixth-largest automaker – will face fines and compensation claims.

Last week, Mitsubishi admitted that it had falsified fuel economy data for four “minicar” models sold only in Japan.Mitsubishi fuel test 2016

The inaccurate mileage tests involved 157,000 of its eK wagon and eK Space, and 468,000 Dayz and Dayz Roox vehicles produced for Nissan. All were sold in Japan only.

On April 26, Mitsubishi admitted to manipulating test data for the past 25 years, far longer than initially thought.

The company’s board has formed a panel to investigate the case, and US regulators have also launched an investigation into whether car models complied with their fuel economy rules.

At a news conference on April 27, Mitsubishi Motors said that because of uncertainty about the potential damage to its brand it could not make forecasts for the financial year 2016-2017.

However, Tetsuro Aikawa was able to announce better-than-expected results for the year ending in March 2016.

Mitsubishi Motors reported that its operating profit rose 1.8% to 138.4 billion yen ($1.2 billion) while revenue increased by 4% to 2.27 trillion yen.


Japanese automaker Mitsubishi Motors shares have fallen more than 15% after it said an unspecified number of its cars had failed fuel tests.

Mitsubishi will hold a news conference in Tokyo at 5pm local time about the issue.

The company’s president, Tetsuro Aikawa, will attend the briefing.Mitsubishi fuel test 2016

Mitsubishi shares closed down 131 yen at 733 yen in Tokyo – their biggest one-day fall in nearly 12 years.

NHK said the faulty tests could affect about 600,000 Mitsubishi-produced cars, including some vehicles it makes for rival Nissan.

Mitsubishi sold more than one million vehicles in 2015.

“One of our models was found to have failed part of a fuel economy test,” a company spokesman said.

In 2014 South Korean auto makers Hyundai and its affiliate, Kia, agreed to pay $350 million in US penalties for overstating their vehicles’ fuel economy ratings. They also resolved claims from car owners.

The Mitsubishi revelation follows last year’s emissions scandal at Volkswagen in which the German automaker was found to have installed devices in some models that fooled tests.