This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at http://www.bbc.co.uk/news/business-36089558

The article has changed 10 times. There is an RSS feed of changes available.

Version 1 Version 2
Fuel test fears send Mitsubishi Motors shares down 15% Fuel test fears send Mitsubishi Motors shares down 15%
(35 minutes later)
Shares in Mitsubishi Motors have fallen more than 15% after the Japanese car maker said an unspecified number of its cars had failed fuel tests.Shares in Mitsubishi Motors have fallen more than 15% after the Japanese car maker said an unspecified number of its cars had failed fuel tests.
The company will hold a news conference in Tokyo at 5pm local time (08:00 GMT) about the issue.The company will hold a news conference in Tokyo at 5pm local time (08:00 GMT) about the issue.
Tetsuro Aikawa, president of Mitsubishi Motors, will attend the briefing.Tetsuro Aikawa, president of Mitsubishi Motors, will attend the briefing.
Shares closed down 131 yen at 733 yen in Tokyo - their biggest one-day fall in nearly 12 years.Shares closed down 131 yen at 733 yen in Tokyo - their biggest one-day fall in nearly 12 years.
NHK said the faulty tests could affect about 600,000 Mitsubishi-produced cars, including some vehicles it makes for rival Nissan.
Mitsubishi sold more than one million vehicles last year.
"One of our models was found to have failed part of a fuel economy test," a spokesman said."One of our models was found to have failed part of a fuel economy test," a spokesman said.
In 2014 South Korean car makers Hyundai and its affiliate, Kia, agreed to pay $350m in US penalties for overstating their vehicles' fuel economy ratings. They also resolved claims from car owners. NHK said the faulty tests could affect about 600,000 Mitsubishi-produced cars, including some vehicles it makes for rival Nissan.
The Mitsubishi revelation follows last year's emissions scandal at Volkswagen in which the German car maker was found to have installed devices in some models that fooled tests. Mitsubishi, Japan's sixth-largest car maker, sold more than one million vehicles last year but has less than 1% of the UK market.
This is the first time that a Japanese car maker has reported misconduct involving fuel economy tests since Volkswagen's emissions scandal last year in which it was found to have cheated diesel emissions tests in the United States and elsewhere.
VW is recalling millions of cars worldwide as a result of the scandal and has set aside €6.7bn (£4.8bn) to cover costs.VW is recalling millions of cars worldwide as a result of the scandal and has set aside €6.7bn (£4.8bn) to cover costs.
It resulted in the company posting its first quarterly loss for 15 years of €2.5bn in late October.It resulted in the company posting its first quarterly loss for 15 years of €2.5bn in late October.
In 2014 South Korean car makers Hyundai and its affiliate, Kia, agreed to pay $350m in US penalties for overstating their vehicles' fuel economy ratings. They also resolved claims from car owners.