Mitsubishi may postpone forecast for current fiscal year, Reuters reports
In the wake of admitting it falsified fuel consumption information regarding several of its vehicles, Mitsubishi Motors may postpone delivering earnings projections for this fiscal year, according to Reuters.
On Wednesday, the Japanese car maker is set to discuss its earnings for the fiscal year that culminated last month. But Reuters, citing a source close to Mitsubishi, reported Sunday that the company may leave out financial estimates for the current year as it assesses the financial fallout from the scandal surrounding its falsified data.
Last week, Mitsubishi said that it had “improperly’’ conducted testing to boost the fuel consumption rates for 625,000 vehicles. It will cease production and sales of the eK Wagon and eK Space, as well as the Dayz and Dayz Roox which it makes for Nissan Motor. It said in a statement that it would also perform an inquiry into vehicles produced for foreign markets.
In September, German manufacturer Volkswagon had its own scandal in the wake of some of its vehicles being rigged with software to skirt emissions standards.