Houston Chronicle

Leader to step down at Mitsubishi Motors

- By Yuri Kageyama Tetsuro Aikawa is resigning over a mileage cheating scandal.

TOKYO — Mitsubishi Motors Corp. President Tetsuro Aikawa said Wednesday that he will depart as he takes 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 Japanese rival Nissan Motor Co., which is acquiring a 34 percent 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.

Mitsubishi also said it did not carefully inspect much of the mileagetes­ting work that was assigned to a subsidiary.

Aikawa appeared with Mitsubishi Chairman Osamu Masuko, who helped engineer a deal with Nissan to take the top stake in Mitsubishi for $2.2 billion. Mitsubishi stock had plunged more than 30 percent after the scandal.

Nissan found the faked mileage tests because of a discrepanc­y with its own tests on Mitsubishi-made minicar models with tiny engines that had been sold under the Nissan brand.

Mitsubishi says rigging goes back 25 years, and may involve all models sold in Japan. It has denied any falsified data for overseas models.

Just a couple of hours before Aikawa’s news conference, Japanese automaker Suzuki Motor Corp. apologized for improper road tests but denied reports it illegally falsified mileage numbers.

 ??  ??

Newspapers in English

Newspapers from United States