Subaru opens investigation into mileage cheating

FAN Editor
The logo of Subaru Corp. is displayed at the company's Tokyo headquarters in Tokyo
The logo of Subaru Corp. is displayed at the company’s Tokyo headquarters in Tokyo, Japan October 27, 2017. REUTERS/Kim Kyung-Hoon

December 20, 2017

TOKYO (Reuters) – Subaru Corp <7270.T> on Wednesday said it was investigating whether its inspectors may have falsified data on vehicle mileage readings during final inspections conducted on cars sold in Japan.

The Japanese automaker in October revealed that uncertified staff had been carrying out tests on new cars sold on the domestic market for decades, and on Tuesday vowed to improve oversight.

On Wednesday it said in a statement that some inspectors had told external investigators that mileage data also had been altered on some models during the final checking process. It added that it had not confirmed that any such fabrications had taken place.

Subaru shares fell as much as 8.5 percent on Wednesday and were the most heavily traded stock by turnover on the Tokyo Stock Exchange.

(Reporting by Naomi Tajitsu, Ran Kim and Ayai Tomisawa; Editing by Stephen Coates)

Free America Network Articles

Leave a Reply

Next Post

BoE to allow EU banks to operate in UK as normal after Brexit: BBC

FILE PHOTO: The Canary Wharf financial district is seen at dusk in London, Britain, November 17, 2017. Picture taken November 17, 2017. REUTERS/Toby Melville/File Photo December 20, 2017 LONDON (Reuters) – The Bank of England will allow European banks to continue selling their services in the United Kingdom without having […]

You May Like