Mitsubishi Motors

Mitsubishi Corp will Pay 100,000 Yen to Each Japanese Owners of Models Affected by Mileage Scandal

Mitsubishi Motors Corp it reeling under the scandal related to manipulated fuel-economy data in several of its models.

On Friday, the Tokyo, Japan based car maker said that in the ongoing financial year, it will book 50 billion ($479.5 million) one-time loss. That more than triples the anticipated cost related to the scandal.

Mitsubishi Motors Corp. Plans to Stop Car Production in U.S Plant

Mitsubishi Motors Corp. Plans to Stop Car Production in U.S Plant On Friday, sources with knowledge of the matter said that Mitsubishi Motors Corp. is planning to end car production in U.S. The company has only one vehicle production unit in the country which it is likely to sell to another car manufacturer.