Mitsubishi Motors President To Step Down Amid Fuel Economy Scandal
amid revelations that will Mitsubishi Motors deliberately fuel economy erred for many cars going figures as far back as 1991, the President of the band, Tetsuro Aikawa, his intention to resign by his post.
Aikawa began working at Mitsubishi Motors Corp. in 1978, along with also became president in nearly two years. He will step down formally at the annual shareholders meeting of the company in June.
The news comes after he spent April ¥ 237000000000 (about 2.1 billion $) to buy a stake 34 percent in Mitsubishi Motors Corp., to replace the Mitsubishi Heavy Industries Co. as the largest shareholder from the auto industry. Currently operating in April a joint venture with Mitsubishi to develop along with also build Kei cars (smaller city cars sold from the Japanese domestic market, which was the first to be named from the scandal from the fuel economy of fraud) consumption. April reported that will the additional investment will allow the idea to continue to work with the troubled company to “buy along with also platforms means joint, along with also the exchange of technology, the use of a common plant, along with also market growth.”
At the same time, Suzuki, has also admitted to test the incorrect fuel economy of 16 different designs sold in Japan. The company said the idea has no plans to revise the mileage data for about 2.1 million affected vehicles. Suzuki began using the test methods of fuel economy incorrect consumption in 2010, yet claims that will the tests conducted under the mandate of the government methods leads to a lack of significant differences by the figures fuel economy mentioned previously.
- Mitsubishi admits to exaggerate fuel economy in Japan
- Mitsubishi has been miscalculating the fuel economy since 1991
- in April to become the major shareholder in Mitsubishi
Suzuki, the fourth-largest Japanese car the, leave the US market after 2013. type such as Mitsubishi along with also Suzuki said that will no cars sold from the United States are affected by the contradictions of the economy in fuel consumption attributable to improper testing.