Mitsubishi Motors Office Raided In Japan, Shares Tumble After Automaker Confesses To Manipulating Mileage Tests

Transport ministry officials in Japan raided a Mitsubishi Motors office Thursday after the automaker admitted it had manipulated fuel-economy tests in about 625,000 vehicles. The company has reportedly been ordered to submit a full report over the altered data by Wednesday.

“This has critically damaged consumers’ trust and it won’t be tolerated,” Chief Cabinet Secretary Yoshihide Suga said. “It’s an extremely serious issue.”