Subaru shares plunge as it flags possible falsified vehicle mileage readings
Tokyo — Subaru said it was investigating whether its inspectors may have falsified vehicle mileage readings during final inspections conducted on cars sold in Japan, driving down the car maker’s shares more than 8% to a one-and-a-half-year low. Subaru said although mileage readings did not fall under vehicle safety requirements, it was looking to see whether any possible fabrication could hurt its official mileage readings and if any exported models may have been affected. This news follows Subaru’s revelation in October that uncertified staff had for decades been carrying out final checks on new cars sold in the domestic market. The company this week vowed to improve oversight, but it did not mention any probe into mileage readings at the time. On Wednesday, Subaru said some inspectors had told external investigators that mileage data had been altered on some sample models tested during the final checking process. It added that it had not confirmed that any such fabrications had ta...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.