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Mitsubishi Motors expects net loss of $1.4 billion over fuel-cheating scandal

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Japan's Mitsubishi Motors Corp. has forecasted a net loss of $1.4 billion over its fuel-cheating scandal, reported Reuters.

Mitsubishi had admitted that it overstated mileage readings on four of its vehicles. The $1.4 billion loss accounts for costs associated with compensating owners of affected vehicles as well as payments to Nissan Motor Co. Ltd., suppliers and dealers to compensate for the loss of sales.

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