TOKYO - Mitsubishi Motors Corp President Tetsuro Aikawa will step down to take responsibility for the fuel economy data scandal, the Nikkei reported.
Aikawa, who temporarily will be succeeded by Chairman Osamu Masuko, is set to leave around the time the third-party investigative committee compiles the final report in July or the stockholders meeting in June, the paper reported.
Masuko would continue in the dual role until the completion of Nissan Motor Co's (7201.T) acquisition of a stake in Mitsubishi, the Nikkei added.
Mitsubishi Motors and Nissan could not be immediately reached for a comment.
Nissan would appoint one of its directors to head Mitsubishi Motors' product development division after Mitsubishi Motors' regular shareholder meeting on June 24, the paper reported.
Japan's sixth-largest automaker, Mitsubishi, admitted in April it had overstated the fuel efficiency of 625,000 cars, wiping off around 40 percent of its market value, or $3.2 billion (£2.2 billion) in three days.
Mitsubishi Motors plans to decrease its own directors from 13 to 11, while Nissan is set to nominate four directors, including the chairman, the paper added. -Reuters
About 92 News HD Live Main TV Channel of Pakistan:
92 News (also known as 92 News HD Plus (Channel 92) is a conservative Urdu language TV channel based in Lahore, Pakistan.
Mian Muhammad Hanif is the chairman of the channel.
This TV channel is a subsidiary of Madinah Group under Galaxy Media Group.
The channel's name, 92, is to celebrate the 1992 Cricket World Cup won by Pakistan. The number 92 is also the telephone country calling code of Pakistan, which is another major reason behind the channel's name.
92 News HD is Pakistan’s first HD Plus News Channel. Aims to bring credible & responsible News & important stories from Pakistan & around the World
We bring you Latest Pakistani and International News at 92 News Hd Plus to Read and Watch
We believe in genuine and true journalism, we do not prevail sensation just for ratings.
We do not hide news but never tend to add any unethical content or angling that goes against the norms of our religion Islam and Pakistan's culture.
تازہ ترین خبریں حاصل کرنے کے لیے فوری اطلاع کی اجازت دیں
آپ کسی بھی وقت دائیں طرف نیچے بیل آئیکن پر صرف ایک کلک کے ذریعے آسانی سے سبسکرائب کر سکتے ہیں۔