billion-wiped
Mitsubishi Motors brings in new R&D chief, restates results after scandal
May 25, 2016 by elegant · Leave a Comment
Mitsubishi Motors Corp said a Nissan Motor Co executive would become its head of research and development, part of a management overhaul in the wake of a mileage cheating scandal that also prompted it to restate earnings. Nissan is preparing to take a controlling one-third stake in Mitsubishi, which is reeling from its third scandal in two decades. Mitsubishi has seen over $3 billion wiped off its market value after admitting last month it overstated the …
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Mitsubishi Motors brings in new R&D chief, restates results after scandal