Mexican Media Brands
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.
#economics
Share
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.
RELATED CONTENT
-
Report Forecasts Huge Economic Upside for Self-Driving EVs
Widespread adoption of autonomous electric vehicles could provide $800 billion in annual social and economic benefits in the U.S. by 2050, according to a new report.
-
China and U.S. OEMs
When Ford announced its 3rd quarter earning on October 24, the official announcement said, in part, “Company revenue was up 3 percent year over year, with net income and company adjusted EBIT both down year over year, primarily driven by continued challenges in China.” The previous day, perhaps as a preemptive move to answer the question “If things are going poorly in China, what are you doing about it?, Ford announced that it was establishing Ford China as a stand-alone business unit.
-
on the Genesis GV60 interior, EV sales in H1, Bentley Bentayga's wood work, Faurecia's advanced manufacturing & more
The strange glowing orb in the Genesis GV60. . .global EV sales in the first half. . .creating wood for the Bentayga interior. . .the importance of material handling at Faurecia. . .lux ATPs. . .fast Porsche. . .fast Lambo. . .the Avalon Hybrid. . .Silverado steel. . .