. >>> japanese automaker mitsubishi motors is in deep trouble. staff faked data on fuel efficiency and executives have apologized. gene otani has details. >>> mitsubishi motors' executives say data measurement not in line with the government-set method began 25 years ago. the executives spoke at a news conference for the first time since the scandal involving the carmakers' faked data broke last week. >> translator: we apologize to our customers who purchased vehicles based on false fuel efficiency data. all we can say is that we are deeply sorry. >> last wednesday it was revealed that mitsubishi motors intentionally manipulated data to give the vehicles in question a better fuel efficiency rating. it involved a total of 625,000 four-wheel drive mini vehicles. the carmaker submitted a detailed report on the case to the transport ministry before holding the news conference. company executives disclosed that the use of data not in line with the government-set method began in 1991 and the practice continued unchanged for 25 years. however, the execu

mitsubishi motors has been caught in a fuel efficiency scandal. we're now finding more about what is actually going on with the automaker. gene otani from the business desk has the details. >>> mitsubishi motors has been in the spotlight. four models are being scrutinized for having the wrong specs on fuel efficiency. officials at japan's transport ministry are asking tougher questions and people there have been examining the company's management at its offices and other sites. they found that, while mitthey performed trails, the data was never used. mitts bisha engineers conducted test but didn't use the results. the numbers were supposed to show running resistance as well as wind pressure. mit mitsubishi used data from other cars. they manipulated the figures to meet the consumption targets. the then chief of testing division admitted to overseeing the rigging but now has taken back the comments. >>> u.s. authorities have started looking into the scandal. officials at the environmental protection agency say they've ordered the automaker to conduct tests and hand over more information. they say the additional fuel effici

nicole: another major automaker is in trouble, japan's mitsubishi motors announcing an internal investigation found its employees falsified fuel mileage test data, saying the inaccurate test involved 150,000 of its own brand cars as well as 470 vehicles produced for nissan and this as nissan pointed out inconsistencies in the data. shares of mitsubishi dropped 15% yesterday. lauren: general motors reporting earnings before "the opening bell". the automaker expected to post a profit of one dollar and wanted to share up from a year ago, revenue is expected to decline slightly to $35.4 billion. investors watching for any clues about future car sales especially for signs that the us market could have planned out a bit. gm car sales rose in march but there are concerns the gains will not continue despite lower gas prices and a down market getting better. lauren: a day after a huge victory in the gop new york primary donald trump telling supporters they are going to enjoy watching him beat hillary clinton in the general election. he was on the o'reilly factor last night. >> looks like we are in ver

mitsubishi motors. the japanese automaker after an internal investigation revealed that it ha been fudging fuel ecy onomy data for the last 25 years. it means roughly 600,000 of the many cars it produced over that efficient as advertised. the internal investigation continues. it is possible that more irregularities could be revealed. some are questioning the viability of mitsubishi motors in the future. >>> later today, companies like ebay and twitter will be releasing the latest earnings report, but nobody will be more important than apple's report. in fact, the expectation is that the company will report it first decline in revenue s in 13 ye has and you can blame slowing iphone sales for that. apple has been criticized for a lack of innovation lately. its most recent new product, the apple watch, is not exactly a hit. and the stock has suffered as a result, that stock has fallen from a high of $130 a share last summer to roughly $100 today. that report will be out at 4:00 this afternoon. and we'll see what the market does with that one. that is one of the most valuable companies on wall street right n

mitsubishi motors is the most cash-strapped among automakers, so this could have big repercussions on finances. had the lowest level of cash and equivalents among japan's automakers, $4.4 billion at the end of december. that is about one 10th of toy yard's balance sheet, so this balance of toyota's sheet, so this means they are stretched thin, not to mention that this could have a huge impact on its reputation, still a decade ago,m when the company required two rounds of bailouts to survive, and it could now be dÉjÀ vu all over again. mitsubishi still not trading in tokyo right now, but that is after falling by the limit yesterday. free market bids show it could plunge by 20%. rishaad: thank you for that. of course, we have diesel gate. volkswagen also making headlines. will stay with the theme of automakers in boreal in scandals. agreed to set aside $10 billion to resolve the in theawsuits under way u.s. over these diesel engines and emission controls. , at least 10 billion dollars, covering claims by the u.s. government and american car owners. has until thursday to come up with a p

automaker in hot water. this time for mitsubishi for lying about fuel mileage. >> what are you hearing? >> today mitsubishi motors admitted employees falsified fuel test data for more than a half million cars. the company confirmed the falsified tests include more than 600,000 vehicles since 2013. now the models are the so-called mini cars with tiny engines whose main attraction is great milea mileage. it includes its the company said it would investigate whether data was altered for vehicles sold overseas. mitsubishi motors struggled for years to win back consumer trust after an auto defect scandal in 2000 with failing brakes and fuel tanks falling off. >>> the alexandria chamber of commerce gave out its annual valor awards to first responders today. the awards went to deputies, police officers, firefighters, and medics for their life-saving actions on and off duty. >>> a prestigious honor for lester holt. >> the national association black journalists recognized him as journalist of the year. holt became the first black solo anchor in a flagship newscast of a major american tv network. >>> i'm mark segraves. thi

automakers. toyota says it's forcing them to suspend operations at most of the group's assembly plants across the country through saturday. honda says it will suspend production in its motorcycle factory through friday. officials from mitsubishi motors will suspend production until tuesday. sony closed its image sensor factory after thursday's quake. they supply a lot of smart phone senators. mitsubishi electric stops producing. major oil producing nations have been meeting to discuss how to control crude output. they haven't been able to agree. oil ministers from 18 states, including saudi arabia and russia, gathered. they were aiming to agree to a freeze on current production levels due to concerns about an oversupply. talks fell apart. they will need more time. discussions will continue until the next opec meeting in june. iran's oil minister did not attend. countries continue to boost production after western nations lifted economic sanctions. iran's moves are key to future negotiations. a freeze can only be effective if opec members -- opec member iran as well as non-opec members join the deal. oil prices fell after the earth wakes dampen investor sentiment. tokyo stocks plunged more than 500 points. >> tokyo shares tumbled as