Mexican Media Brands
Mitsubishi to Pay Customers for Fuel Economy Shortfall
Mitsubishi Motors Corp. has agreed to compensate customers in Japan whose minicars were given inflated fuel economy ratings.
#economics
Share
Mitsubishi Motors Corp. has agreed to compensate customers in Japan whose minicars were given inflated fuel economy ratings.
The program will pay for extra fuel costs and higher government taxes on about 625,000 vehicles that no longer qualify for discounts, according to The Nikkei. Details are expected to be announced in June.
The offer will cover owners of Mitsubishi eK minivans and eK Space minicars and Nissan Dayz and Dayz Roox minivans. MMC produces all four models.
Mitsubishi admitted nearly three weeks ago to manipulating tests to increase the fuel efficiency ratings of the vehicles. The amount it pays per model will depend on the fuel efficiency shortfall calculated by Japan’s transport ministry. The Nikkei says those tests aren’t likely to be completed until next month.
RELATED CONTENT
-
VW Warns of Higher Costs to Develop EVs
CEO Herbert Diess says the €20 billion ($23 billion) Volkswagen AG has budgeted to electrify its entire vehicle lineup won’t be enough to meet that goal.
-
Inside Ford
On this edition of “Autoline After Hours” Joann Muller, Detroit bureau chief for Forbes, provides insights into what she’s learned about Ford, insights that are amplified on the show by our other panelists, Stephanie Brinley, principal analyst at IHS Markit who specializes in the auto industry, and Todd Lassa, Detroit Bureau Chief for Automobile.
-
Tariffs on Autos: “No One Wins”
While talk of tariffs may make the president sound tough and which gives the talking heads on cable something to talk about, the impact of the potential 25 percent tariffs on vehicles imported to the U.S. could have some fairly significant consequences.