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MMC President Resigns over Fuel Economy Scandal
Mitsubishi Motors Corp. President Tetsuro Aikawa has resigned, taking responsibility for the company’s fuel economy cheating scandal.
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Mitsubishi Motors Corp. President Tetsuro Aikawa has resigned, taking responsibility for the company’s fuel economy cheating scandal. He is expected to leave in the next month or two, according to The Nikkei.
Aikawa’s position will be filled temporarily by MMC Chairman Osamu Masuko. Masuko is expected to retire in June when Nissan Motor Co. gains a 34% controlling interest in the company.
Last month MMC admitted it has reported inaccurate fuel economy ratings for some of its cars for 25 years. Aikawa’s career included time with the product development unit, which has been blamed for the cheating.
Nissan plans to install its own product development chief, The Nikkei says. The carmaker also will gain four directors on the MMC board, including the chairmanship.
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