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World Business Report

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The latest business and finance news from around the world from the BBC

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Mitsubishi Motors Admits Using Wrong Tests Since 1991

April 26th, 2016

Episode 709 of 893 episodes

The firm's president says it has been cheating fuel consumption tests for 25 years. We'll be asking Thomas Glendinning, a car industry analyst at BMI Research, if Mitsubishi Motors can survive the scandal. Also in the programme, a trial has begun in Luxembourg for the men who exposed deals to pay minimal sums of tax for some of the world's biggest companies. The German MEP Fabio De Masi tells us he thinks the prosecution is wrong. It's a year since an earthquake killed almost 9,000 people in Nepal. The BBC's Anu Anand in Nepal tells us very little of the billions of dollars in aid that was pledged to help is making it through to those affected by the disaster. Plans to introduce the first ever charges for tap water in Ireland are blocking the formation of a new government. Diarmaid Fleming reports on why voters think the plans are an austerity policy too far. And we discuss the proliferation of unicorns - private companies with a valuation of a billion dollars or more - and why Michael Wade, professor of innovation and strategy at the IMD business school in Switzerland thinks there are too many of them. (Picture: A Mitsubishi dealership. Picture credit: Getty Images.)

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