Mitsubishi boss to resign over scandal
Mitsubishi Motors Corp President Tetsuro Aikawa said he will step down to take responsibility for the mileage cheating scandal unfolding at the Japanese automaker. Aikawa has denied personal involvement in wrongdoing, but it is common for executives at major Japanese companies to resign to show remorse. His resignation is expected to become final on June 24, upon shareholders’ approval. A successor was not announced. But under a deal with Nissan Motor Co, which is acquiring a 34 per cent stake in Mitsubishi, Nissan has been promised a major role in leading Mitsubishi. Mitsubishi reiterated as part of its latest findings that top management had not ordered the mileage scam, but employees had been under tremendous pressure to get better mileage. Nissan found the faked mileage tests because of a discrepancy with its own tests on Mitsubishi-manufactured minicar models that had been sold under the Nissan brand. Mitsubishi says rigging goes back 25 years, and may involve all models sold in Japan.