Mitsubishi Motors’ Testing Scandal Charge Cuts Profit by 19%

  • Charge reflects costs to compensate owners, Japan government
  • Chairman Masuko to be president; former Nissan executive joins

Mitsubishi Motors Corp. booked a 19.1 billion yen ($174 million) charge to reflect losses related to its fuel economy testing scandal, which reduced profit last fiscal year by 19 percent and prompted a shake-up in top management.

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