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Mitsubishi Motors Chairman Masuko resigns due to health reasons

He forged the ties between Mitsu and Nissan

Mitsubishi Motors Corp said on Friday Osamu Masuko resigned as chairman due to health reasons and has handed over the role to CEO Takao Kato on a temporary basis. A veteran of the Mitsubishi conglomerate, Masuko joined the automaker in 2004, and became president in 2007. The 71-year-old would stay on at Mitsubishi as a special adviser, the company said in a statement.

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F1's Racing Point hit with 15-point penalty, $470K fine for copying Mercedes

The team was investigated after a protest from Renault

Racing Point was deducted 15 points in the Formula One constructors' championship and fined 400,000 euros ($470,000) Friday for using brake ducts based on those from last year's Mercedes cars. The stewards ruled that Mercedes was the “principal designer” of the parts, and that Racing Point made only minor changes to computer design data it received from Mercedes. Rival team Renault filed protests about the legality of the brake ducts, which were added to the “listed parts” under F1 rules for 2

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