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.
Alliance strained by distinctly different views of Carlos Ghosn.
Vote was unanimous, though Mitsubishi is still investigating.
Two of the top executives at Mitsubishi are stepping down as the company is shaken by the scandal surrounding its fuel-economy figures. However the chairman and CEO is keeping his seat – at least until Nissan can replace him.
On the back of strong CUV sales, Mitsubishi will flesh out its crossover offerings by slotting in a new model between the Outlander and Outlander Sport.
Long-struggling Mitsubishi Motors is reportedly preparing for a changing of the guard at home. According to Reuters, Osamu Masuko will step aside in favor of Tesuro Aikawa, currently the company's managing director. Masuko won't be leaving the fold entirely, however – he will take the role of chairman, displacing Takashi Nis
As Mitsubishi's turnaround takes hold, we can talk less about the company's survival in the US market and more about what kinds of products we might see in the future: there's a hybrid Evo on the way and its joint venture with Renault-Nissan will deliver a C-segment sedan. Furthermore, it might even deliver a dividend to its shareho
2011 Mitsubishi Outlander Sport - Click above for high-res image gallery
Mitsubishi Geek Squad i-MiEV – Click above for high-res image gallery
Mitsubishi's Geek Squad i-MiEV (with PX-MiEV in foreground) - click above for high-res image gallery
The Wall Street Journal talked to Mitsubishi President Osamu Masuko ahead of this week's Moscow Motor Show about some of the company's recovery, its involvement in the Russian market and its plans for marketing electric vehicles. Masuko reiterated earlier announcements that the the iMiEV would go on sale in Japan next summer at a price of about $27,400. Once production ramps up to higher levels Mitsubishi hopes to drive the price down under $20,000. Initially the iMiEV will be in right hand driv
Needless to say, gambling is risky. So it's apropos that in Las Vegas last week, Mitsubishi announced their intentions to sell an electric vehicle in the U.S.
