Tuesday June 2, 2020

Suzuki shares plunge after flawed fuel-efficiency test

The shares tumbled as much as 15%, their worst intraday drop in 16 years

18th May, 2016
Suzuki tumbled as much as 15%, its worst intraday drop in 16 years Pic: Getty

Chairman Osamu Suzuki will report the issue to Japan’s transport ministry on Wednesday, spokesman Hidehiro Hirano said. The company hasn’t found a flaw affecting the fuel efficiency of Suzuki vehicles, he said, without elaborating. Suzuki, 86, will brief reporters at 4 p.m. Tokyo time, according to an e-mailed statement.

Suzuki tumbled as much as 15 per cent, its worst intraday drop in 16 years, and traded down 8.7 per cent as...

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