Mitsubishi Falsified Fuel Economy Data Since 1991

Ryugo Nakao, the vice-president of Mitsubishi Motors Corporation, declared at a press conference in Tokyo on Tuesday that the company had “been using that method [of falsifying fuel economy data] since 1991.” After Nakao made the announcement on Tuesday morning, Mitsubishi Motors Corporation shares took a 10 percent dive. Since the MPGgate scandal erupted on April 20, Mitsubishi shares have lost 50…