Mitsubishi Motors is checking how components from providers including Kobe Steel Ltd parts have been impacted by the steelmaker’s falsified information on product quality, the chief executive of the automaker stated on Wednesday. “The number of parts from suppliers which we’ve been informed have been impacted by the Kobe Steel issue has been increasing, and
A complete merger of Japanese automakers Mitsubishi Motors and Nissan Motor is not on the table, Carlos Ghosn, chairman of both companies, said on Tuesday. “Complete merger is not on the table. We want Mitsubishi to reform itself,” stated Ghosn, who was attending the opening ceremony of a new Mitsubishi factory on the outskirts of
Mitsubishi Motors stated an extra four Nissan executives would join its management team as Nissan grips its control over the smaller automaker where it took a controlling stake in 2016. The statement is part of Mitsubishi Motor’s efforts to reconstruct its management system after it confessed in 2016 that it had overemphasized the mileage on
Carlos Ghosn, CEO of Nissan Motor and Renault, is set to get a 3rd wage after Nissan-controlled Mitsubishi Motors on Wednesday authorized the CEO as its chairman together with a tripling in compensation for board members. Shareholders enacted favor of raising the ceiling on combined yearly payment for Mitsubishi’s 11 internal and external directors to
The transport ministry on Thursday released a 2nd reprimand to Mitsubishi Motors for car mileage information fraud after it discovered the company continued to manipulate figures after admitting to the practice in April. The ministry stated it once again discovered a lack of legal compliance and inadequate governance at the business, calling the scenario “abnormal”.
Nissan has validated that it will obtain a 34 percent equity stake in Mitsubishi Motors (worth 237 billion yen or $2.2 billion) after the two companies signed a contract to form a brand-new tactical alliance. Both automakers have been working together to some extent for the past half a decade, thereby lengthening the existing collaboration
Mitsubishi Motors Corp‘s leading two executives are most likely to resign over the Japanese automaker’s manipulation of fuel economy information, Japanese media reported on Wednesday, in a scandal that has actually downed the company’s market price in half in a week. Chairman and Chief Executive Officer Osamu Masuko has currently informed some affiliated dealers and
Mitsubishi has recently revealed some new details about the company’s future product lineup in an interview. Speaking to Automotive News, Mitsubishi President Osamu Masuko said that the company is starting to recover but he wants to rebuild and improve their business in the United States. While he did mention that it would be very difficult