Japanese regulators have raided the research and development centre of Mitsubishi Motors after the carmaker admitted to falsifying fuel economy data on more than 600,000 vehicles.
The move by transport ministry officials came as investors balked at the scandal’s financial impact, which some analysts said could cost Japan’s sixth-largest automobile maker almost $950m.
A flood of sell orders required a suspension of trading in Mitsubishi’s shares on Thursday, before the stock dropped by a daily limit of 20 per cent to ¥583.
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