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Mitsubishi offies raided over fuel scandal

Friday, May 13, 2016 - 00:39

Japanese transport ministry officials raid theTokyo headquarters of Mitsubishi after the firm admitted manipulating fuel economy figures. Rough cut (no reporter narration)

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NATURAL ROUGH CUT - NO REPORTER NARRATION Japan's Transport Ministry officials raided the headquarters of Mitsubishi Motors on Friday (May 13) to conduct an on-site inspection after the company admitted manipulation of fuel economy data. Local broadcasters showed pictures of ministry officials walking into Mitsubishi Motors' Tokyo headquarters at around 9 a.m. (0000 GMT), the first time since the scandal broke out last month. Mitsubishi Motors admitted last month it overstated the fuel economy of at least four of its models - mini cars sold in Japan, including two sold under Nissan's badge. On Thursday (May 12), Mitsubishi Motors announced it would sell 34 percent of its stake to Nissan Motor giving the rival de facto control of the troubled company, mired in its third scandal in two decades. The deal is a lifeline for Mitsubishi Motors, but it should also be a boost for Nissan. Japan's second-largest car maker has struggled to make inroads into Southeast Asia, in countries like Thailand and the Philippines, where Mitsubishi's models are popular. Mitsubishi and Nissan already cooperate on development and manufacturing with a partnership dating back to 2011, but that deal does not currently involve any cross-shareholding.

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Mitsubishi offies raided over fuel scandal

Friday, May 13, 2016 - 00:39