Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Mitsubishi Motors President to Resign as Japan Auto Scandal Engulfs Suzuki
Mitsubishi Motors President to Resign as Japan Auto Scandal Engulfs Suzuki
Mitsubishi’s Tetsuro Aikawa to leave company in June; Suzuki admits to testing vehicles improperly
By Yoko Kubota
Updated May 18, 2016 8:19 a.m. ET
TOKYO— Mitsubishi Motors Corp. said its president would resign next month to take responsibility for a fuel-economy rigging scandal in Japan, the fallout from which spread to Suzuki Motor Corp. after it admitted to using an improper testing method for its vehicles.
Mitsubishi President and Chief Operating Officer Tetsuro Aikawa, along with Executive Vice President Ryugo Nakao, will step down in June when the auto maker holds its annual shareholders’ meeting, the company said Wednesday.
....
Mitsubishi has admitted to manipulating and fabricating fuel economy-related data in certain vehicles sold in Japan, as well as using an illegal testing method in multiple models for 25 years in the country.
Nissan Motor Co. last week agreed to take a 34% controlling stake in Mitsubishi, subject to regulatory approval. The deal represents a bet by Nissan of more than $2 billion that Mitsubishi can recover from the scandal.
Mitsubishi’s Tetsuro Aikawa to leave company in June; Suzuki admits to testing vehicles improperly
By Yoko Kubota
Updated May 18, 2016 8:19 a.m. ET
TOKYO— Mitsubishi Motors Corp. said its president would resign next month to take responsibility for a fuel-economy rigging scandal in Japan, the fallout from which spread to Suzuki Motor Corp. after it admitted to using an improper testing method for its vehicles.
Mitsubishi President and Chief Operating Officer Tetsuro Aikawa, along with Executive Vice President Ryugo Nakao, will step down in June when the auto maker holds its annual shareholders’ meeting, the company said Wednesday.
....
Mitsubishi has admitted to manipulating and fabricating fuel economy-related data in certain vehicles sold in Japan, as well as using an illegal testing method in multiple models for 25 years in the country.
Nissan Motor Co. last week agreed to take a 34% controlling stake in Mitsubishi, subject to regulatory approval. The deal represents a bet by Nissan of more than $2 billion that Mitsubishi can recover from the scandal.
1 replies
= new reply since forum marked as read
= new reply since forum marked as read
