MMC President Confirms Resignation Over Fuel Economy Cheating
Mitsubishi Motors Corp. President Testuro Aikawa confirmed earlier today he will resign after the company’s shareholder meeting in June because of the company’s fuel economy cheating scandal.
#economics
Mitsubishi Motors Corp. President Testuro Aikawa confirmed earlier today he will resign after the company’s shareholder meeting in June because of the company’s fuel economy cheating scandal.
Ryugo Nakao, MMC’s vice president of product development, will step down at the same time and for the same reason.
The company insists that upper management wasn’t directly involved in rigging fuel economy ratings. But Aikawa concedes that management’s demands that its engineers meet high fuel efficiency targets in a short period may have helped create an environment where “irregularities happen.”
Aikawa’s career included time on MMC’s product development team, where the company says the wrongdoing occurred. He and Nakao say they decided to resign to avoid hindering the “drastic change” needed to reform the company.
MMC told Japan's Ministry of Land, Infrastructure, Transport and Tourism that a company investigation showed its staff sometimes arrived at fuel efficiency results for new cars by borrowing data from earlier tests of similar vehicles. Nakao says the people who failed to conduct new tests as required by law “lacked common sense.”
RELATED CONTENT
-
On Global EV Sales, Lean and the Supply Chain & Dealing With Snow
The distribution of EVs and potential implications, why lean still matters even with supply chain issues, where there are the most industrial robots, a potential coming shortage that isn’t a microprocessor, mapping tech and obscured signs, and a look at the future
-
Global Car Market to Shrink for 2-3 Years
Global sales of light vehicles will decline year on year through at least 2021, predicts LMC Automotive at its annual outlook conference outside Detroit, Mich.
-
Ford’s $42 Billion Cash Cow
F-Series pickups generate about 30% of the carmaker’s revenue. The tally is about twice as much as what McDonald’s pulls in.