Suzuki Joins the Cheater’s Club

  • Shares of Suzuki Motor Corp. plunged 11 percent in the Tokyo stock exchange after the company admitted it used improper fuel economy testing methods that affected 2.1 million cars.
  • This could impact Suzuki’s India operations as nearly half of the Suzuki’s sales happen in India. Shares of Maruti tanked 4 percent, hit by the scandal.
  • This comes just days after another Japanese automotive major, Mitsubishi Motors, pleaded guilty to having fudged the fuel efficiency data.

(With inputs from Reuters)