Nissan dives after it admits to faking pollution tests
Nissan shares fell the most in nearly two years on Monday after admitting to faking pollution tests for cars made at some factories in Japan.
The auto-giant, which has a giant UK plant in Sunderland, said exhaust emissions tests swerved normal testing standards at car plants in Japan.
“Nissan recently discovered that certain vehicle production plants did not properly conduct exhaust gas emissions and fuel-economy measurement tests within the final vehicle inspection process,” it said.
Its shares in Tokyo fell 4.6% to 1003 yen from 1051 yen.
The company said all the cars complied with Japanese safety standards.
The emission problem is the latest crisis to engulf the company after it was forced to recall 1.2 million new passenger vehicles sold in Japan last year when it discovered unauthorised inspectors had done vehicle checks.
Emission testing has risen to prominence after the VW exhausts scandal in 2015, when the German giant was found to have cheated pollution tests.
Nissan, which employs 7000 in the UK, has expressed concern over Brexit and openly lobbied the Government asking for assurances.
