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William Maley

Mitsubishi News: Mitsubishi and the Past Few Days it Would Like to Forget

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William Maley    392

The past couple days have been crazy at Mitsubishi with executives possibly stepping down, the EPA ordering retest of vehicles, and the U.S. branch telling dealers there are no inconsistencies in the tests for the U.S. models. Let's get you up to date.

 

On Tuesday, the Environmental Protection Agency (EPA) and California Air Resources Board (CARB) requested details from Mitsubishi on its U.S. vehicle lineup to check for discrepancies. The EPA also requested Mitsubishi to retest their U.S. lineup.

 

A day later, Japanese media reported that Mitsubishi Motors CEO Osamu Masuko and COO Tetsuro Aikawa would resign due to manipulation of fuel economy data. According to Reuters, Aikawa denied these reports.

 

"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.

 

Reuters also reports that Mitsubishi Motors could be on the hook for almost $1 billion to compensate owners, pay back tax rebates from the government, and other payments. This is according to analysts at Nomura Holdings.

 

Yesterday, Mitsubishi Motors North America said they found no testing problems with vehicles sold in the U.S. between 2013 to now.

 

“Our findings confirm that fuel economy testing data for these U.S. market vehicles is accurate and complies with established EPA procedures,” Don Swearingen, COO of 
Mitsubishi Motors North America told dealers in a letter to dealers. The letter was obtained by Automotive News.

 

Source: Reuters via Automotive News, Reuters, Automotive News (Subscription Required), Mitsubishi

 

Press Release is on Page 2






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dfelt    1,771

Fuel Eco Gate, The New Emotional "The sky is falling" story for the news.

 

Sensationalism at it's best.

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