Mitsubishi admits cheating emission tests

(Reuters)
(Reuters)

Mitsubishi Motors has admitted it falsified fuel economy test data to make emission levels look more favourable.

The company's president held a news conference today to apologise, saying the use of improper tests breached Japanese regulations.

Shares in Mitsubishi closed down more than 15 percent -- the stock's biggest one-day drop in nearly 12 years.

It's been reported the issue affected around 600,000 mini-vehicles produced under the brand.

Newshub.