The fallout from the Mitsubishi fuel economy scandal spread to the Japanese automaker’s president, Tetsuo Aikawa, who is resigning from his job effective June 24. Executive Vice President Ryugo Nakao also resigned.
No successors have been named. Chairman Osamu Masuko survives, but is surrendering any compensation he earns until the company forms a new management team.
Aikawa offered up his job at a press conference today, but did not admit to any wrongdoing related to the issue. Earlier this month, officials confirmed that the fuel economy data for its vehicles in Japan were falsified. (more…)