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Unread 05-18-2016, 07:50 AM   #1
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Default The end of Mitsubishi? Fuel economy cheating scandal

The recent fuel economy cheating scandal had put Mitsubishi on the brink of collapse. Now it signed a deal with Nissan (which is owned by Renault) to finance its losses from a sharp decline in sales in Japan.

Mitsubishi is a conglomerate similar to Toyota Group, Samsung Group, LG Corp., Hyundai Group, etc. These conglomerates are termed 'zaibatsu' in Japanese.

Investors have reacted unexpectedly massively to the recent fuel economy scandal and this has wiped off nearly 50% of Mitsubishi's market value.

Mitsubishi Motor's peak days were long gone by 2004 and it seems like things will hit rock bottom soon.

Japanese carmaker Mitsubishi has lost more than 40 per cent of its value on the stock market as a result of a scandal over fuel efficiency testing.

Trading in Mitsubishi had been suspended since the story broke on Wednesday, but this morning, the company's shares were sold off, dropping by $3.2 billion over three days.[/QUOTE]

Mitsubishi Scandal Isn’t Like Volkswagen’s, Stocks Show - MoneyBeat - WSJ

The Collapse, Recovery, and Shutter of Mitsubishi in the USA
Look at the comments from JapanToday from people who actually live in Japan. They say that even a Japanese engineer at Mitsubishi Heavy Industries would never buy a Mitsubishi car and that he only bought one because he was forced to under the company. And "Daimler backed out of its relation with Mitsubishi because they recognized it was a partner that could well tarnish their image."

Mitsubishi Motors scandal widens as U.S. regulator seeks information ? Japan Today: Japan News and Discussion

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Unread 06-08-2016, 07:07 AM   #2
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Mitsubishi has been plagued by many scandals, including the sudden acceleration issue of their Montero Sport SUV.
2009 Ford Ranger XLT SuperCab 4Dr 4WD

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