Mitsubishi Motors' fuel economy scandal has widened after reports that the Japanese automaker submitted misleading data on additional models than previously disclosed. On Wednesday, the company admitted it had overstated the fuel efficiency of over 600,000 cars, wiping off around 40% of its market value over three days. The news also prompted a raid by Japanese authorities on one of Mitsubishi’s facilities, while U.S. auto safety authorities said they were seeking more information. The scandal has raised questions about Mitsubishi's future, as it faces the prospect of huge lawsuits and fines. The latest case came as German auto giant Volkswagen struggles to restore its reputation after revelations of emissions rigging last year.
Tata Electronics hit by cyber breach claiming to expose Apple, Tesla trade secret
FNC proposes Euro-Mediterranean and Gulf AI hub at economic forum
UAE calls for stronger Euro-Mediterranean, Gulf cooperation
Dubai's DGCX to launch region’s first Gold Spot T+0 Contract
AD Ports launches new logistics link between UAE and Iraq
