/ News

Mitsubishi President to step down in June

Autodeal on May 20, 2016

Mitsubishi President to step down on June

Mitsubishi has announced the resignation of CEO and President Tetsuro Aikawa amidst the brand’s admission of falsifying data to improve fuel economy in print.

“I must step down so that a fundamental reform can take place in the vehicle development department,” Aikawa said. He denied any personal involvement in the issue but has apologized to customers and shareholders nonetheless.

This is in light of Nissan’s proposal to take a 34% controlling stake in Mitsubishi for more than 2 billion dollars that’s still subject to regulatory approval. They are said to put four people into Mitsubishi’s board, and will also send engineers to the latter’s vehicle-development team which was determined as the source of the issue.

Aikawa will step down on June 24, 2016 during Mitsubishi’s shareholders meeting. The position would be temporarily filled by Mitsubishi Motors Chairman Osamu Masuko.

Latest News

Lynk & Co 900 breaks cover at Shanghai, will it catch on in the Philippines? / News

Shaynah Miranda · Apr 29, 2025

Lynk & Co officially launched the new 900 SUV at the 2025 Shanghai Auto Show, and top Philippine motoring media were there to get an early look. With over 40,000 pre-orders even before its o...
Hyundai's next hybrid system brings more power and better fuel savings / News

Shaynah Miranda · Apr 28, 2025

Hyundai has shared its next hybrid system that will give its future cars more power and better fuel savings. It will first show up in the 2026 Palisade, but there’s a good chance it could be...
The Nissan N7 is out, and a hybrid Frontier Pickup is coming next / News

Shaynah Miranda · Apr 25, 2025

Nissan has introduced two new models at Auto Shanghai 2025: the all-electric N7 sedan and the all-new Frontier Pro plug-in hybrid pickup. The N7 is now available in China, while the Frontier...