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		</div><p>Car giant Mitsubishi is forecasting a 145bn yen loss for the financial year to March 2017 after acknowledging it inflated mileage on its models.</p>
<p>The Japanese car maker said vehicle sales will drop around the world, especially in Japan, where it expects a 41% plunge.</p>
<p>The projected loss is a reversal from the 72.6bn yen profit for the fiscal year ended in March.</p>
<p>Japan&#8217;s government found Mitsubishi had overstated mileage on its vehicles by up to 16%. Tokyo-based Mitsubishi Motors had a systematic way of cheating on mileage for eK minicar models, including those it supplied to Nissan.</p>
<p>Mitsubishi said it did not lie about mileage on models sold overseas.</p>
<p>Nissan has said it is taking a 34% stake in Mitsubishi to help its turnaround, although chief executive Carlos Ghosn reiterated to shareholders that the deal was not final until &#8220;due diligence&#8221;, and Nissan was checking into Mitsubishi.</p>
<p>Mitsubishi said last week it will give 100,000 yen to each Japanese owner of a car with a false mileage claim to compensate for the extra petrol costs and for inflating the mileage figure.</p>
<p>Such compensation will cost Mitsubishi 50bn yen, and payments to Nissan and other suppliers will cost another 100bn yen, it said.</p>
<p>Slipping sales and expenses related to free inspections and other services in Japan will lower its operating profits by 55bn yen, it said.</p>
<p>Mitsubishi&#8217;s latest scandal follows its massive and systematic cover-up of defects that surfaced in the early 2000s, which had spanned decades.</p>
<p>The car maker has repeatedly promised to fix its ethical standards. The company&#8217;s president has stepped down to take responsibility for the new scandal.</p>
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