Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Japanese investigators raid Suzuki Motor over false tests

Published 06/02/2016, 11:00 PM
Updated 06/02/2016, 11:00 PM
© Reuters. The logo of Suzuki is pictured at at the 37th Bangkok International Motor Show in Bangkok

TOKYO (Reuters) - Japanese investigators raided Suzuki Motor Corp's headquarters on Friday as they probe the minicar maker's use of improper fuel economy tests, an official said.

Investigators were looking for confirmation of Suzuki's claims that it had used data compiled from indoor tests performed on individual parts, rather than vehicle coasting tests, the transport ministry official said.

It was the second such raid by the transport ministry on a Japanese automaker after Mitsubishi Motors Corp in April, as the government cracks down on manufacturers over the mileage testing scandal.

Mitsubishi's admission that it had misrepresented its fuel economy readings led to its takeover by Nissan Motor Co Ltd and the resignation of its president last month.

Suzuki's improper tests involved 14 branded models and 12 models sold under other brands.

Japan's No. 4 automaker by sales has said it lacked the resources after the 2008 global financial crisis to meet regulatory testing standards. It also cited increased pressure to develop models and engines in the late 2000s.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.