Mitsubishi Motors top officials to quit amid fuel economy scandal
May 18 , 2016
Top-level executives at Mitsubishi Motors have decided to resign, weeks after the automobile manufacturer admitted that it falsified fuel economy tests. It affected hundreds of thousands of cars.Mitsubishi President Tetsuo Aikawa and Vice President Ryugo Nakao will step down on June 24 at a general shareholder's meeting. In April, Mitsubishi had admitted to fudging fuel efficiency tests. The scandal has now spread to 13 models. There has been a roughly 32% erosion of the company's stock value over April.