The 86-year-old CEO and other senior executives at Japanese automaker Suzuki are stepping down or taking large pay cuts as a result of the maker’s admission it falsified fuel economy data to boost sales.
Suzuki last month acknowledged using test procedures that boosted its reported mileage. That announcement came weeks after rival Mitsubishi Motors admitted it had been rigging its own numbers for as much as a quarter century.
Longtime CEO Osamu Suzuki, who also serves as chief of Suzuki Motor Corp., will step down, as will executive vice president Osamu Honda – who has no relationship with the Honda Motor Co. Suzuki corporate directors also will take deep pay cuts. (more…)