Mitsubishi shares fell to a new minimum after searches at the company's headquarters

The Japanese authorities held on Thursday
searches at the headquarters of Mitsubishi Motors in Tokyo, as well as
In the research center in Nagoy, after the company admitted the falsifications of technical data of at least four models.

As a result, according to the results of the auction on April 21, the price of shares of Mitsubishi Motors, the sixth in terms of sales of the Japanese car manufacturer, collapsed by 20.5%, until the record
minimum, bidding were suspended by exchanges due to excessive amounts
Applications for the sale of papers. On Wednesday, they fell by 15%, which was
Record fall since June 2004. For two days the capitalization of the company
Reduced by $ 2.5 billion, Interfax reports.

Recall that on Wednesday, Mitsubishi Motors admitted that it provided false data on fuel consumption indicators in small vehicles. In particular, during testing, company representatives used a lower resistance to movement than was required.
In addition, testing methods did not meet the requirements
Japanese legislation.

The company deliberately underestimated data on fuel consumption indicators in
625 thousand cars, 468 thousand of which were produced
Mitsubishi Motors for Nissan Corp. As a result, Mitsubishi and Nissan accepted
The decision to temporarily suspend sales of four models of low -profiles: EK
Wagon and Ek Space, as well as Dayz and Dayz Roox.

Companies claim that we are only about cars,
sold in Japan. However, Mitsubishi promised that the internal
The investigation will also cover foreign markets.

The authorities of Japan gave mitsubishi time until April 27 to present
A detailed violation report.