Mitsubishi’s Efficiency Scandal Points to Big Competition Among Japan’s Tiny Cars – Wall Street Journal

Posted: Thursday, April 21, 2016

TOKYO—Mitsubishi Motors Corp.’s admission to cheating on fuel-economy tests highlights the intense competition for fuel efficiency both globally and in a market segment unique to Japan called “kei” or minicars.

The fallout from Mitsubishi’s admission spread Thursday, with the company’s stock falling more than 20% after a 15% fall Wednesday. Japanese authorities raided a Mitsubishi office in central Japan for a second day in a row,…

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