BRIEF-Mitsubishi Motors President to step down – Nikkei

May 17 (Reuters) –

President of Mitsubishi Motors decided Tuesday to step down,
taking responsibility for the fuel economy data scandal that
surfaced in april – Nikkei

* Position vacated by Tetsuro Aikawa, 62, will be filled
temporarily by Mitsubishi Motors chairman osamu masuko – Nikkei

* Osamu Masuko will continue to do double duty until after
nissan motor completes its planned purchase of 34% equity stake
in Mitsubishi Motors – Nikkei

* Mitsubishi Motors to submit to transport ministry
wednesday report on internal findings of improprieties on fuel
economy data on minicars – Nikkei

* Nissan will install one of directors to head Mitsubishi
Motors’ product development division after latter’s shareholders
meeting june 24 – Nikkei

* Mitsubishi Motors plans to decrease its own directors from
13 to 11, while Nissan is set to install four directors – Nikkei

* Masuko will likely stay at Mitsubishi Motors in functions
geared toward restoring brand,coordinating activities between
two companies – Nikkei

Source text – s.nikkei.com/1sndUP5

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Source URL:http://www.reuters.com/article/idUSFWN18E0L8

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