Suzuki denies manipulating emissions data

Suzuki has admitted to finding 'discrepancies' in its fuel economy and emissions tests. The fourth-largest automaker has now reset its car models for fuel emissions across 16 ranges; the findings come after the Japanese government requested all cars to be re-examined after Mitsubishi were found to have been cheating on fuel efficient tests for decades.

Suzuki's stock initially fell by as much 15 percent following the news, but has since recovered, falling only by 9 percent. This is still the biggest single drop in the company's share price in seven years, reports Bloomberg, but the admission has affected the company far less than similar news affected Mitsubishi. The latter firm lost almost half its market value last month, with larger rival Nissan buying a 34 percent stake in Mitsubishi (worth $2.2 billion) to help it survive the scandal.