The president of Mitsubishi Motors is stepping down amid a fuel economy scandal that surfaced in April, according to the Nikkei Asian Review.
Tetsuro Aikawa’s post will be filled by Mitsubishi Motors CEO Osamu Masuko, 67. Masuko will handle responsibilities for both positions until Nissan Motor Co. completes its planned purchase of a 34 percent equity stake in Mitsubishi, the report says.
Nikkei reported that Aikawa, 62, has roots in Mitsubishi’s product development unit. He’s taking the blame for the scandal because it originated in the same division.
Mitsubishi said in April that it overstated the fuel economy ratings of four minicar models sold in Japan.
The bogus fuel economy results were discovered when Nissan noticed discrepancies and called Mitsubishi out on it, Automotive News reported. The minicars were designed, manufactured and homologated by Mitsubishi and sold as the Mitsubishi eK Wagon and eK Space and as the Nissan Dayz and Dayz Roox.
Last week, Nissan agreed to invest $2.2 billion in Mitsubishi for the stake in the troubled company.
Hans Greimel contributed to this report.