Mitsubishi Motors has been in the news a lot more than usual as of late, and not for the best of reasons. First came the fuel-economy scandal that involved the company falsifying data in Japan to make its city cars more efficient on paper than they were in real life. Then came the swoop, scoop, and save performed by its fellow Japanese automaker, Nissan, in an attempt to keep its partner in crafting tiny subcompacts in business. Now, the company has lost one of its top executives.
According to a report from Nikkei Asian Review, Mitsubishi Motors President, Tetsuro Aikawa, is stepping down from his post amidst the fuel-economy scandal. Surprisingly, Nissan, which only recently dropped $2.2 billion to gain majority control of the besieged company, doesn’t appear interested in sliding one of its own into this role, as Mitsubishi CEO, Osamu Masuko, will fill the vacated spot.
As for the fuel-economy scandal, there is still some uncertainty as to how Japan will discipline Mitsu for its dishonesty and prevent this trickery in the future. Luckily, this issue has nothing to do with any Mitsubishi rigs sold in the U.S.
Though it is in a world of financial hurt in the U.S. due to slow sales, Mitsubishi remains aggressive with deals to make its models more desirable to the masses. One area where Mitsubishi thrives is cash rebates, as it offers $500 on the 2016 Lancer, $3,000 on the 2015 Mirage, $1,000 on the 2016 Outlander, and $2,000 on the 2015 Outlander Sport. These great rebates are in addition to Mitsubishi’s already low MSRPs and, in some cases, combine with low APR.
Nissan Looking to Bail Out Mitsubishi Amidst Fuel-Economy Scandal with a Buyout
The EPA Wants Mitsubishi to Prove its U.S. Fuel Economy Ratings
The U.S. Government Takes Interest in Mitsubishi's Manipulation of Fuel Economy Tests
Nissan Officially Drops $2.2 Billion on Mitsubishi
Is The Mitsubishi Mirage Being Discontinued?
