Mitsubishi Motors President Steps Down Over Mileage Data Scam
Company CEO Osamu Masuko will step in as interim president.
Japanese automobile giant, Mitsubishi Motors’ President Tetsuro Aikawa stepped down from his position on Wednesday following a fuel economy data scam affecting at least four models of the company’s mini-cars.
Company CEO Osamu Masuko will step in as interim president. In the acquisition, Japanese automotive manufacturer Nissan Motor will take 34 percent stake of Mitsubishi and become its largest shareholder while aiming to resurrect the brand’s prestige after the scandal.
Last April, the company admitted that it had manipulated fuel consumption data of 625,000 units of four mini-vehicle models.
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