Mitsubishi CEO stepping down

Published May 17, 2019 109 Plays $0.05 earned

Rumble / Trending NewsTOKYO -- Mitsubishi Motors Corp. said on Friday that Osamu Masuko will step down as its chief executive on June 21 and be replaced by Takao Kato, who is president of its operations in Indonesia. Japan's sixth-largest automaker, in which Nissan Motor Co. holds a controlling stake, said this month it expects profit to fall to 90.0 billion yen ($821 million) in the year to March as it navigates slowing demand for cars, global trade frictions and the need to develop new technologies.