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Mitsubishi to pay owners of fuel-cheating cars

  Tokyo / AFP Japanese automaker Mitsubishi Motors plans to compensate customers in a bid to limit the fallout from a fuel-efficiency cheating scandal, the Nikkei reported on Saturday. Authorities raided the company’s office on Thursday after the company admitted it had falsified efficiency data for hundreds of thousands of vehicles. Mitsubishi Motors shares plunged more than 40 percent in ...

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Reliance profit climbs to highest

  Mumbai / Bloomberg Reliance Industries Ltd.’s fourth-quarter profit climbed 17 percent to the highest in more than eight years as oil’s collapse improved margins from turning crude into fuels and petrochemicals. Net income at the operator of the world’s biggest refining complex increased to $1.1bn in the three months ended March 31 from 62.4 billion rupees a year earlier, ...

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Sony delays forecasts to assess quake fallout

  Tokyo / Bloomberg Sony Corp. will postpone its forecasts for the current fiscal year while it assesses the damage from an earthquake that shut its main plant for camera sensors. The Japanese company said it won’t provide its usual financial outlook when it reports earnings on April 28 and will instead announce guidance in May. On Thursday, the company ...

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