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Mitsubishi President to Step Down Amid Emissions Scandal

The president of Mitsubishi Motors decided Tuesday to step down, taking responsibility for the fuel economy data scandal that surfaced in April.

The position vacated by Tetsuro Aikawa, 62, will be filled temporarily by Mitsubishi Motors chairman Osamu Masuko, according to sources familiar with the matter.

Masuko will continue to do double duty until after Nissan completes its planned purchase of 34% equity stake in Mitsubishi.

Mitsubishi said it will decrease its own directors from 13 to 11, while Nissan is set to install four directors. Masuko will likely stay at Mitsubishi in functions geared toward restoring the brand and coordinating activities between the two companies.

Mitsubishi is due to submit its report on internal findings of improprieties on fuel economy data later today.