Mitsubishi Raided As Shares Crash Further


Offices of Mitsubishi Motors have been raided in Japan and its share price has dived for a second day after the company admitted faking fuel economy tests on some of its cars.Officials from the Japanese transport ministry entered the research and development centre in Nagoya and a number of other buildings in the country as investors fled Mitsubishi’s stock.
Shares were down more than 20% on Thursday after losing 15% in the previous session.
It meant about $2.5bn (£1.74bn) had been wiped from its market value in just two days.
Wednesday’s decline took place before the company confirmed reports about its misconduct.