Mitsubishi Motors plunges 20% on fuel-cheating scandal

GMT 06:52 2016 Thursday ,21 April

Arab Today, arab today Mitsubishi Motors plunges 20% on fuel-cheating scandal

Mitsubishi Motor's
Tokyo - Arab Today

Mitsubishi Motor's shares plunged 20 percent Thursday in the wake of the Japanese automaker's shock admission it falsified tests that measure fuel efficiency in more than 600,000 vehicles.

The embattled stock, nosedived again to close at 583 yen ($5.31), losing about one-third of its value since the news broke Wednesday, when the shares tumbled 15 percent.


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