• Sign in to follow this  
    Followers 0

    Mitsubishi Sets Aside $480 Million for Compensating Owners Involved in the Fuel Economy Scandal


    • Mitsubishi has a plan for compensating owners in Japan

    On Friday, Mitsubishi Motors announced that it will set aside 50 billion yen (about $480 million) this fiscal year to compensate buyers for inflated fuel economy figures. Bloomberg reports that the Japanese automaker admitted that 20 vehicles sold in Japan within the past ten years had false fuel economy data.

     

    Mitsubishi said in a statement they used “desktop calculations” instead of running actual field tests and used the false data on the twenty models built from 2006 to this year. They also lowered the resistance readings on some models to give better fuel economy numbers. Mitsubishi reiterated they didn't find any false fuel economy data on models sold overseas.

     

    The compensation plan will see Mitsubishi pay 100,000 yen (about $955.63) to each minicar owner and pay for the difference in gasoline and taxes separately. Mitsubishi also announced that it expects Japan's transport ministry to approve the recalculated fuel efficiency ratings of its minicars by the end of the month.

     

    One more thing: The investigation being done by three former prosecutors into the scandal are expected to present their results sometime next month.

     

    Source: Bloomberg

    0


    Sign in to follow this  
    Followers 0


    User Feedback


    That figure of money seems LOW for what a company should be planning for as I would expect them to be hit with fines also.

    0

    Share this comment


    Link to comment
    Share on other sites

    In other news: Mitsubishi has $480 million to set aside.

    They must sell a lot of TVs/DVD/Microwaves...etc in the asian markets. 

    0

    Share this comment


    Link to comment
    Share on other sites


    Your content will need to be approved by a moderator

    Guest
    You are commenting as a guest. If you have an account, please sign in.
    Add a comment...

    ×   You have pasted content with formatting.   Remove formatting

      Only 75 emoticons maximum are allowed.

    ×   Your link has been automatically embedded.   Display as a link instead

    ×   Your previous content has been restored.   Clear editor




  • Popular Stories

  • Today's Birthdays

    1. FireStorm
      FireStorm
      (35 years old)
    2. MGZ06
      MGZ06
      (35 years old)
  • Similar Content

    • By William Maley
      Another piece of the 2017 Chevrolet Cruze Diesel puzzle has been revealed. The official EPA numbers have been released and they are quite impressive. 
      Six-Speed Manual: 30 City/52 Highway/37 Combined
      Nine-Speed Automatic: 31 City/47 Highway/37 Combined
      “Chevrolet is dedicated to offering customers a wide range of propulsion options. We know there are customers looking for the right combination of fuel efficiency, driving dynamics, fuel type and more. With the EPA-estimated 52-mpg highway Cruze Diesel Sedan, they can get it all,” said Steven Majoros, director of Chevrolet Marketing in a statement.
      A quick refresher on the Cruze Diesel: it will use a turbocharged 1.6-liter four-cylinder producing 137 horsepower and 240 pound-feet of torque. The sedan will be arriving in the coming weeks with prices beginning at $24,670. The hatchback will get the diesel option next year.
      Source: Chevrolet
      Press Release is on Page 2
      CRUZE DIESEL SEDAN SETS 52-MPG BENCHMARK
      EPA Certifies Segment-Best Highway Mileage DETROIT — The 2017 Cruze Diesel Sedan offers up to an EPA-estimated highway mileage of 52 mpg — the highest highway fuel economy of any non-hybrid/non-EV in America. Based upon the EPA highway estimate, Cruze Diesel with the six-speed manual transmission has an estimated range of up to 702 highway miles on one tank of diesel fuel.
      “Chevrolet is dedicated to offering customers a wide range of propulsion options. We know there are customers looking for the right combination of fuel efficiency, driving dynamics, fuel type and more. With the EPA-estimated 52-mpg highway Cruze Diesel Sedan, they can get it all,” said Steven Majoros, director of Chevrolet Marketing.
      The 2017 Cruze Diesel Sedan features a new Ecotec 1.6-liter inline four-cylinder turbo-diesel engine offering an SAE-certified 137 horsepower (102 kW) and 240 lb-ft of torque (325 Nm). Cruze Diesel passed all stringent U.S. environmental standards and validation, including Tier 3 Bin 125 emissions standards.
      Buyers will be able to option their Cruze Diesel Sedans with either a standard six-speed manual or a new, optional Hydra-Matic nine-speed automatic transmission that includes fuel-saving stop/start technology.
      In addition to its segment-leading EPA-estimated 52 mpg highway fuel economy, Cruze Diesel with the six-speed manual returns an EPA-estimated city mileage of 30 mpg, resulting in 37 mpg combined. Cruze Diesel with the nine-speed automatic achieves an EPA-estimated highway economy of up to 47 mpg and 31 city mpg, which results in 37 mpg combined.
      A suite of connectivity features complements the Cruze Diesel Sedan’s inherent efficiency. These include available OnStar with 4G LTE connectivity and built-in Wi-Fi hotspot and available Android Auto and Apple CarPlay compatibility through Chevrolet MyLink.*
      Pricing for 2017 Cruze Diesel Sedan starts at $24,670 including $875 destination charge. Cruze Diesel Hatch will follow Cruze Diesel Sedan later this year for the 2018 model year.

      View full article
    • By William Maley
      Another piece of the 2017 Chevrolet Cruze Diesel puzzle has been revealed. The official EPA numbers have been released and they are quite impressive. 
      Six-Speed Manual: 30 City/52 Highway/37 Combined
      Nine-Speed Automatic: 31 City/47 Highway/37 Combined
      “Chevrolet is dedicated to offering customers a wide range of propulsion options. We know there are customers looking for the right combination of fuel efficiency, driving dynamics, fuel type and more. With the EPA-estimated 52-mpg highway Cruze Diesel Sedan, they can get it all,” said Steven Majoros, director of Chevrolet Marketing in a statement.
      A quick refresher on the Cruze Diesel: it will use a turbocharged 1.6-liter four-cylinder producing 137 horsepower and 240 pound-feet of torque. The sedan will be arriving in the coming weeks with prices beginning at $24,670. The hatchback will get the diesel option next year.
      Source: Chevrolet
      Press Release is on Page 2
      CRUZE DIESEL SEDAN SETS 52-MPG BENCHMARK
      EPA Certifies Segment-Best Highway Mileage DETROIT — The 2017 Cruze Diesel Sedan offers up to an EPA-estimated highway mileage of 52 mpg — the highest highway fuel economy of any non-hybrid/non-EV in America. Based upon the EPA highway estimate, Cruze Diesel with the six-speed manual transmission has an estimated range of up to 702 highway miles on one tank of diesel fuel.
      “Chevrolet is dedicated to offering customers a wide range of propulsion options. We know there are customers looking for the right combination of fuel efficiency, driving dynamics, fuel type and more. With the EPA-estimated 52-mpg highway Cruze Diesel Sedan, they can get it all,” said Steven Majoros, director of Chevrolet Marketing.
      The 2017 Cruze Diesel Sedan features a new Ecotec 1.6-liter inline four-cylinder turbo-diesel engine offering an SAE-certified 137 horsepower (102 kW) and 240 lb-ft of torque (325 Nm). Cruze Diesel passed all stringent U.S. environmental standards and validation, including Tier 3 Bin 125 emissions standards.
      Buyers will be able to option their Cruze Diesel Sedans with either a standard six-speed manual or a new, optional Hydra-Matic nine-speed automatic transmission that includes fuel-saving stop/start technology.
      In addition to its segment-leading EPA-estimated 52 mpg highway fuel economy, Cruze Diesel with the six-speed manual returns an EPA-estimated city mileage of 30 mpg, resulting in 37 mpg combined. Cruze Diesel with the nine-speed automatic achieves an EPA-estimated highway economy of up to 47 mpg and 31 city mpg, which results in 37 mpg combined.
      A suite of connectivity features complements the Cruze Diesel Sedan’s inherent efficiency. These include available OnStar with 4G LTE connectivity and built-in Wi-Fi hotspot and available Android Auto and Apple CarPlay compatibility through Chevrolet MyLink.*
      Pricing for 2017 Cruze Diesel Sedan starts at $24,670 including $875 destination charge. Cruze Diesel Hatch will follow Cruze Diesel Sedan later this year for the 2018 model year.
    • By William Maley
      Mitsubishi Motors Reports January 2017 Sales
      Sales up 3.1 percent over last January Outlander sales continue to be strong in the new year with sales up 9.4 percent Outlander records best January sales since 2007 CYPRESS, Calif., Feb. 1, 2017 /PRNewswire/ -- Mitsubishi Motors North America, Inc. (MMNA) reported January 2017 sales of 6,457 an increase of 3.1 percent over January 2016. Outlander Sport remained the volume leader with 1,990 vehicles sold, while Outlander continued to be the brand's fastest growing model with a sales increase of 9.4 percent over last January.
        January
      YTD
        2017
      2016
      2017
      2016
      i-MiEV
      0
      2
      0
      2
      Mirage
      1311
      963
      1311
      963
      Lancer
      1468
      1523
      1468
      1523
      Outlander Sport
      1990
      2233
      1990
      2233
      Outlander
      1688
      1543
      1688
      1543
      Total
      6457
      6264
      6457
      6264
    • By William Maley
      Since President Donald Trump was elected, automakers have been pushing for him to relax the stricter fuel economy and emission regulations coming into effect by 2025. Now there is another group calling for this.
      At the National Automobile Dealers Association (NADA) annual conference, dealers voiced support for the new president ease the upcoming regulations. 
      "You inflate the price of the vehicle and a car that was maybe within reach of being affordable now may not be," said NADA's new chairman, Mark Scarpelli to Reuters.
      Scarpelli argues that the tech needed to improve fuel economy adds $1,500 to $3,000 to the price of a vehicle. He also says that a "different phase-in period" for the regulations would be welcomed.
      The big argument dealers are using is the regulations would cause automakers to build vehicles that buyers aren't interested in.
      "They've got to make regulation more in line with consumer demand so (the automakers) can build what people want and not what the government’s telling them they have to build," said Pete DeLongchamps, vice president of Group 1 Automotive Inc.
      Source: Reuters

      View full article
    • By William Maley
      Since President Donald Trump was elected, automakers have been pushing for him to relax the stricter fuel economy and emission regulations coming into effect by 2025. Now there is another group calling for this.
      At the National Automobile Dealers Association (NADA) annual conference, dealers voiced support for the new president ease the upcoming regulations. 
      "You inflate the price of the vehicle and a car that was maybe within reach of being affordable now may not be," said NADA's new chairman, Mark Scarpelli to Reuters.
      Scarpelli argues that the tech needed to improve fuel economy adds $1,500 to $3,000 to the price of a vehicle. He also says that a "different phase-in period" for the regulations would be welcomed.
      The big argument dealers are using is the regulations would cause automakers to build vehicles that buyers aren't interested in.
      "They've got to make regulation more in line with consumer demand so (the automakers) can build what people want and not what the government’s telling them they have to build," said Pete DeLongchamps, vice president of Group 1 Automotive Inc.
      Source: Reuters
  • Recent Status Updates

    • Drew Dowdell

      So help me.... One of these days these Miami drivers are going to make me test the loss damage waiver on my rental car. Worst drivers in the US.
      · 1 reply
    • Drew Dowdell

      I have one co-worker who has been a thorn in my side for the past 6 months.... but I have to admit that when I need something done that is in his area of expertise, he goes after it like an angry rabid chihuahua and gets it done.
      · 0 replies
    • Drew Dowdell

      Me: I'll take "Shopping" for $800.
      Alex:"This shopping location is popular on Sundays for groups of gay couples, families with small children, and college kids with parents in tow to gather."
      · 3 replies
  • Who's Online (See full list)