Wednesday, April 27, 2016

Mitsubishi Scandal Drastically Hits Japanese Orders

 

Mitsubishi Motors has said orders for its cars in Japan have fallen by 50 percent since it announced last week that it had cheated on fuel economy tests.

The company revealed the sales slump as it delayed issuing a profit forecast for the current financial year while it assesses the future impact of the scandal.

Company President Tetsuro Aikawa said: “We don’t yet have an accurate understanding of the changes in domestic sales, but the amount of retail vehicle orders has halved since we made the announcement on the 20th of April.”

He also denied Japanese media reports that he and chief executive Osamu Masuko plan to resign and take responsibility for the scandal.

“It’s my responsibility and my mission to put the company on track to recovery. Beyond that, I haven’t had a chance to even consider (the possibility of resigning),” Aikawa said. He called the reports “based on speculation”. 

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Source: Euronews

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