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Mitsubishi admits it conducted false mileage tests since 1991

  TOKYO / AP Mitsubishi Motors Corp., the Japanese automaker that acknowledged last week that it had intentionally lied about fuel economy data for some of its models, said an internal investigation found such tampering dated back to 1991. President Tetsuro Aikawa told reporters on Tuesday the probe was ongoing, suggesting that more irregularities might be found. “We don’t know ...

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S Korea vows to revamp ailing shippers, shipbuilders

  Seoul / AFP South Korea vowed on Tuesday to restructure the country’s once formidable shipbuilding and shipping sectors, now crippled by mismanagement, slowing global demand and competition from Chinese rivals. Shipbuilders, including Hyundai Heavy Industries and Daewoo Shipbuilding and Marine, have racked up massive losses after slumping oil prices sapped demand for tankers and offshore drillers. The “Big Three” ...

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Obama, ‘allies’ eye Libya maritime mission to stop illegal migrants

  Washington / AFP President Barack Obama’s challenge that Europe unite and shoulder more of the burden for its own security might soon be answered, in part, by a military mission off the Libyan coast. “Europe has sometimes been complacent about its own defense.” That was the staggeringly blunt criticism from Obama on Monday in Hanover, the last stop on ...

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