The Board of Directors will be headed by the President of Nissan Carlos Ghosn.
At a press conference October 20, Nissan announced the purchase of 34% stake in Mitsubishi. The deal was worth $ 2.3 billion, according to Bloomberg. The company said that the brands share engines, platforms and all the technical know-how.
From December 14 the Board of Directors of Mitsubishi will be headed by Carlos Ghosn, who currently runs Nissan and Renault. “We will help this company solve the challenges it faced, in particular the return of consumer confidence in the system of fuel economy,” — said at a press conference Executive Director of Nissan and Renault Carlos Ghosn.
The Chairman of the Board of Directors of Mitsubishi Motors Osamu Masuko said that restoring confidence will be difficult. “With Nissan, we will start the movement towards this goal”, — said Masuko.
Mitsubishi admitted to rigging the test results of fuel for more than 600 thousand vehicles on April 20. This has led to a drop in the shares of the company by 43%. The company said it has established an independent Commission to investigate the incident. Tests, the results of which were fabricated, was carried out on 157 thousand 468 thousand Mitsubishi and Nissan. Namely Nissan, for vehicles Mitsubishi which also carried out the test, pointed out the inconsistency of the data, after which Mitsubishi conducted an internal investigation and found that the data was falsified.
Later, President Tetsuro Aikawa, Mitsubishi Motors acknowledged that the company falsified test results of fuel consumption in 1991. As noted then, Aikawa, investigation of fraud continues. The company President stressed that he did not know why his staff decided to engage in fraud.
