Mexican Media Brands
Mitsubishi’s Minicar Sales Collapse in Japan
Japan’s demand for Mitsubishi Motors Corp. minicars plummeted 45% to about 1,500 units in April after the company admitted manipulating fuel economy ratings on a line of popular models, sources tell The Nikkei.
#economics
Share
Japan’s demand for Mitsubishi Motors Corp. minicars plummeted 45% to about 1,500 units in April after the company admitted manipulating fuel economy ratings on a line of popular models, sources tell The Nikkei.
Likewise, sales of Nissan Motor Co. minicars, which are supplied by MMC, plunged 51% to about 5,500 units last month. Minicars, a vehicle type particular to Japan, are powered by engines displacing 660 cc or less.
The two companies suspended sales of four affected models—the MMC eK Wagon and eK Space and the Nissan Dayz and Dayz Roox—12 days ago. MMC’s eK series normally accounts for about 40% of the company’s sales volume. The Dayz lineup represents about 20% of Nissan sales in Japan.
The Nikkei says overall vehicle sales in April fell 15% for MMC and 22% for Nissan. Analysts expect more fallout for MMC, which said last month its flawed fuel economy test methods were used to certify unspecified other models too.
RELATED CONTENT
-
China and U.S. OEMs
When Ford announced its 3rd quarter earning on October 24, the official announcement said, in part, “Company revenue was up 3 percent year over year, with net income and company adjusted EBIT both down year over year, primarily driven by continued challenges in China.” The previous day, perhaps as a preemptive move to answer the question “If things are going poorly in China, what are you doing about it?, Ford announced that it was establishing Ford China as a stand-alone business unit.
-
on the Genesis GV60 interior, EV sales in H1, Bentley Bentayga's wood work, Faurecia's advanced manufacturing & more
The strange glowing orb in the Genesis GV60. . .global EV sales in the first half. . .creating wood for the Bentayga interior. . .the importance of material handling at Faurecia. . .lux ATPs. . .fast Porsche. . .fast Lambo. . .the Avalon Hybrid. . .Silverado steel. . .
-
Study: Border Tax, NAFTA Exit Would Hurt U.S.
The U.S. auto industry would lose at least 31,000 manufacturing jobs and 450,000 units of annual sales if the U.S. imposes 35% tariffs on cars from Mexico, as President-elect Donald Trump has vowed to do.