Intentional false mileage tests conducted since 1991, Mitsubishi says

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ISTANBUL
Published 26.04.2016 11:29
Updated 26.04.2016 13:45
A businessman walks past the Mitsubishi Motors headquarters in Tokyo on April 20, 2016.
A businessman walks past the Mitsubishi Motors headquarters in Tokyo on April 20, 2016.

Mitsubishi Motors Corp., the Japanese automaker that acknowledged last week that it had intentionally lied about its models' mileage, said an internal investigation found such tampering dated back to 1991.

President Tetsuro Aikawa told reporters Tuesday the probe was still ongoing, suggesting that more irregularities might be found.

He said so much was unknown that it's uncertain what action the company will take. He said he didn't know why employees resorted to such tactics to make mileage look better.

Tokyo-based Mitsubishi Motors had repeatedly promised to come clean after a massive scandal 15 years ago involving a systematic cover-up of auto defects.

The inaccurate mileage tests involved 157,000 of its eK wagon and eK Space light passenger cars, and 468,000 Dayz and Dayz Roox vehicles produced for Nissan Motor Co.

The company's shares nosedived last week as panicked selling wiped about $2.5 billion off the automaker's market value in just two sessions after its shock admission that it cheated on fuel-efficiency tests.

The embattled stock went into freefall, plunging to 583 yen ($5.31), down 20 percent, after losing 15 percent on Wednesday when the news first broke.

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