The Japanese automaker said that other models in its lineup may be affected by the mileage manipulation scandal.
In an updated briefing over the fuel-readings manipulation, Mitsubishi said that its internal investigation over the matter suggested that running resistance date was improperly calculated in nine other models currently sold in Japan, as well as in other models no longer on the market. Last month, the company admitted to falsifying fuel economy readings for four domestic mini-vehicle models, including two it produced for Nissan, totaling around 625,000 cars. It also said it has been using these “unorthodox” practices since 1991; more specifically, it compiled data for fuel tests using US standards or the “high-speed coasting tests,” which differ from the “coasting” ones required by the Japanese laws. The Asahi newspaper reported earlier this week that Mitsubishi tricked the data on almost all its vehicles sold in Japan for the past 25 years, including the Pajero SUV and the Lancer sedan.
The costs of such a scheme have been estimated by analysts to hit close to 1 billion dollars, as the automaker will likely be forced to compensate affected customers. Since the scandal broke in April, its market value plunged by around 42 percent, the equivalent of a 3-billion-dollar loss. However, the company’s execs are confident that Mitsubishi has the proper financial power to get through. “Our finances through the year just ended have been strong, so we think we can manage the issue,” Chief Executive Osamu Masuko declared during a press conference. “We haven’t approached our sister companies for financial support,” he added, referring especially to Mitsubishi Heavy Industries, the automaker’s largest shareholder.
“The investigation into Mitsubishi Motors over its falsified fuel economy data is still ongoing, so at this point we can not decide on whether to offer assistance,” Mitsubishi Heavy President and Chief Executive Shunichi Miyanaga recently said.