Mitsubishi Says Fuel Economy Cheating Has Been Going On For The Last 25 Years

Mitsubishi Motors Corp. said it has improperly tested the fuel economy of its cars for the past quarter century, deepening a crisis that’s already wiped out half its market value.
The automaker formed a panel of three former prosecutors to investigate improper testing that goes back as far back as 1991, including the falsification of fuel efficiency data, according to a statement today. The company said last week it had not been complying with Japanese testing standards since 2002.
"Customers bought our cars based on incorrect fuel-economy data," President Tetsuro Aikawa told reporters during a press conference today. "I can’t help but apologize."
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