More carmakers caught in headlights of VW engine-rigging scandal

More carmakers caught in headlights of VW engine-rigging scandal
Volkswagen has admitted it installed illegal software into 11 million 2.0 liter and 3.0 liter diesel engines worldwide (AFP Photo/Josh Edelson)

Volkswagen emissions scandal

Missing MH370 likely to have disintegrated mid-flight: experts

Missing MH370 likely to have disintegrated mid-flight: experts
A Malaysia Airlines Boeing 777 commercial jet.

QZ8501 (AirAsia)

Leaders see horror of French Alps crash as probe gathers pace

"The Recalibration of Awareness – Apr 20/21, 2012 (Kryon channeled by Lee Carroll) (Subjects: Old Energy, Recalibration Lectures, God / Creator, Religions/Spiritual systems (Catholic Church, Priests/Nun’s, Worship, John Paul Pope, Women in the Church otherwise church will go, Current Pope won’t do it), Middle East, Jews, Governments will change (Internet, Media, Democracies, Dictators, North Korea, Nations voted at once), Integrity (Businesses, Tobacco Companies, Bankers/ Financial Institutes, Pharmaceutical company to collapse), Illuminati (Started in Greece, with Shipping, Financial markets, Stock markets, Pharmaceutical money (fund to build Africa, to develop)), Shift of Human Consciousness, (Old) Souls, Women, Masters to/already come back, Global Unity.... etc.) - (Text version)

… The Shift in Human Nature

You're starting to see integrity change. Awareness recalibrates integrity, and the Human Being who would sit there and take advantage of another Human Being in an old energy would never do it in a new energy. The reason? It will become intuitive, so this is a shift in Human Nature as well, for in the past you have assumed that people take advantage of people first and integrity comes later. That's just ordinary Human nature.

In the past, Human nature expressed within governments worked like this: If you were stronger than the other one, you simply conquered them. If you were strong, it was an invitation to conquer. If you were weak, it was an invitation to be conquered. No one even thought about it. It was the way of things. The bigger you could have your armies, the better they would do when you sent them out to conquer. That's not how you think today. Did you notice?

Any country that thinks this way today will not survive, for humanity has discovered that the world goes far better by putting things together instead of tearing them apart. The new energy puts the weak and strong together in ways that make sense and that have integrity. Take a look at what happened to some of the businesses in this great land (USA). Up to 30 years ago, when you started realizing some of them didn't have integrity, you eliminated them. What happened to the tobacco companies when you realized they were knowingly addicting your children? Today, they still sell their products to less-aware countries, but that will also change.

What did you do a few years ago when you realized that your bankers were actually selling you homes that they knew you couldn't pay for later? They were walking away, smiling greedily, not thinking about the heartbreak that was to follow when a life's dream would be lost. Dear American, you are in a recession. However, this is like when you prune a tree and cut back the branches. When the tree grows back, you've got control and the branches will grow bigger and stronger than they were before, without the greed factor. Then, if you don't like the way it grows back, you'll prune it again! I tell you this because awareness is now in control of big money. It's right before your eyes, what you're doing. But fear often rules. …

Thursday, April 21, 2016

Automaker Mitsubishi admits manipulating fuel-efficiency tests

Yahoo – AFP, Natsuko Fukue, 20 April 2016


Japanese automaker Mitsubishi on Wednesday admitted it manipulated fuel-efficiency tests in more than 600,000 vehicles, after reports of misconduct sent its Tokyo-listed shares crashing earlier in the day.

The embarrassing revelation comes in the wake of a massive pollution-cheating scandal at Volkswagen (LSE: 0P6N.L - news) that erupted in September and which the German giant is still struggling to overcome.

It (Other OTC: ITGL - news) also marks the latest blow for Japan Inc after auto parts giant Takata (Frankfurt: 7TK.F - news) was hammered by an exploding air bag defect blamed for at least 11 deaths, and as Toshiba (Swiss: TOSH.SW - news) tries to recover from a huge accounting scandal.

Mitsubishi said it would halt production and sales of the affected vehicle models -- mini-cars sold in Japan -- and warned that the number of affected vehicles would likely rise.

The maker of the Outlander sport utility vehicle also said it would launch a probe into cars it sold overseas.

"We found that with respect to the fuel consumption testing data... (the company) conducted testing improperly to present better fuel consumption rates than the actual rates," Mitsubishi president Tetsuro Aikawa told a Tokyo news briefing.

He added that the testing method was "different" from one required by Japanese law, and warned that the automaker's bottom line would take a hit.

"This is not a simple problem and we need time (to assess the impact)," Mitsubishi's top executive said.

"But I'm sure there will be an impact. The damage will be big."

The problem affected about 625,000 vehicles, including mini-cars "eK Wagon" and "eK Space", and the "Dayz" and "Dayz Roox", which Mitsubishi produces for rival Nissan.

The rigged figures were discovered after Nissan found inconsistencies in fuel-economy data and reported it.

"In response to Nissan's request, Mitsubishi admitted that data had been intentionally manipulated in its fuel economy testing process for certification," Nissan said.

Independent investigation

Japan's number-two carmaker ordered a halt to sales of the vehicles that Mitsubishi produced and tested.

A company spokesman declined to comment on the future of Nissan's business relationship with its smaller rival.

"Our focus is on our customers," he said.

Mini-cars, or kei-cars, are small vehicles with 660cc gasoline engines that are hugely popular in the Japanese market, but have found little success abroad.

Mitsubishi sold more than a million vehicles at home and overseas in its latest fiscal year.

"Taking into account the seriousness of these issues, we will also conduct an investigation into products manufactured for overseas markets," the carmaker said in a statement.

"In order to conduct an investigation into these issues objectively and thoroughly, we plan to set up a committee consisting of only external experts. We will publish the results of our investigation as soon as it is complete."

Earlier Wednesday, Mitsubishi shares plunged 15.16 percent to 733 yen ($6.73) after local media reported the faulty emissions tests.

"This may be different from Volkswagen's issue, but the market has become very sensitive to such kind of news," Seiji Sugiura, an analyst at Tokai Tokyo Research Center, told Bloomberg News.

"It may have a similar impact in terms of sales and the company's reputation."

The fall in Mitsubishi's stock was its biggest one-day plunge since 2004.

At that time, Mitsubishi was struggling to launch a turnaround as it teetered on the edge of bankruptcy, hit by a lack of cash and a series of huge recalls linked to serious defects.

"It's not the first time for Mitsubishi to have this kind of issue, and this definitely won?t help them rebuild their reputation," Sugiura said.

Volkswagen has been hammered by a global scandal that erupted when it emerged that it had installed emissions-cheating software in 11 million diesel engines worldwide.

The costs of the scandal are still incalculable but are expected to run into several billions of dollars as a result of fines and lawsuits.

South Korean automakers Hyundai and Kia in 2014 agreed to pay $100 million to settle a US government investigation into exaggerated fuel efficiency on 2012 and 2013 car models sold in the United States.

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