Untrustworthiness towards the Mitsubishi scandal escalates as one of its facilities was raided due to falsification of data. The U.S. auto safety authorities currently investigate the misleading fuel economy data of the company's 600,000 vehicles.
Given the massive numbers of cars that have been given falsified records has led Japan regulators barking on Mitsubishi Motors doorstep, BBC News reported. The findings resulted in anticipated consequences for the company and the call and urge for Mitsubishi to make things right rises.
According to the U.S regulators, changes must be made before the set deadline, which is before April 27 as well as render the crucial information that linked them to inaccurate testing and misleading records.
In addition, the actions rendered by the Japanese government and authorities are indicators that the Mitsubishi scandal not taken lightly. "Based on [the findings from] the raid, and a report from the company, we would like to reveal the extent of the inaccuracies as soon as possible," Japan's chief cabinet secretary, Yoshihide Suga said.
Mitsubishi's integrity is at risk and the high possibility of losing its revenues looms on the horizon because of the Mitsubishi scandal, Reuters reported. The report added on to note that the stocks and shares of Mitsubishi have attained low digits.
Besides dealing with the low returns, Mitsubishi Motors need to address the hurdle of financially dealing with possible compensation and fines expenses that might arise due to the deception and fabrication of data. The affected cars under scrutiny are the model Mitsubishi's eK mini-wagons. The cars have undergone inaccurate tests that totalled to 157,000.
The Mitsubishi scandal is not only affecting the Japanese markets but it has sparked awareness for the US regulators and the US markets as well. The Mitsubishi Motors' current false data issue will continue to resonate through time if the company fails to provide crucial strategies to save its legacy and ensure the market that it will implement the needed modifications set for the regulators.
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