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In May 2016, Mitsubishi Motors announced Tetsuro Aikawa was to resign as the president of the company in effect in June 2016. Both Mitsubishi Motors and Aikawa denied any top management involvement in the mileage scandal. The company said much of the mileage-testing work was assigned to a subsidiary and a lack of scrutiny existed of such work. [86]
Mitsubishi Motors North America, Inc. is the U.S. operation of Mitsubishi Motors Corporation, overseeing sales and research and development functions.The company manufactures and sells Mitsubishi brand cars and sport utility vehicles through a network of approximately 350 dealers.
The Mitsubishi Group (三菱グループ, Mitsubishi Gurūpu) is a group of autonomous Japanese multinational companies in a variety of industries.. Founded by Yatarō Iwasaki in 1870, the Mitsubishi Group traces its origins to the Mitsubishi zaibatsu, a unified company that existed from 1870 to 1946.
Mitsubishi Corporation (三菱商事株式会社, Mitsubishi Shōji Kabushiki-gaisha) is Japan's largest trading company (sogo shosha) and a core member of the Mitsubishi Group. As of 2022, Mitsubishi Corporation employs over 80,000 people and has ten business segments, including energy, industrial finance, banking, machinery, chemicals, and food.
1999-2008 — 8A8 — 4.5 L — For its Japan-only Proudia and Dignity models, Mitsubishi built an alloy-headed 4.5 L V8 with GDI. The vehicles proved unsuccessful, and were quickly discontinued. However, the range had been developed in conjunction with the Hyundai Motor Company, whose Hyundai Equus fared much better.
Despite DaimlerChrysler's involvement, debts at Mitsubishi continued to accumulate. A torpid economy in Japan dragged down the company's domestic performance in 2003, while the same year the after effects of a disastrous credit scheme in the U.S. saw Mitsubishi Motors North America suffer a US$454 million loss.
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