Mitsubishi President to Propose Changes
Associated Press
Mitsubishi Motors Corp. President Takashi Sonobe said he will propose top management changes today to speed up a turnaround at the ailing auto maker, setting off speculation that he may step down.
Tokyo-based Mitsubishi, which is 37.3% owned by DaimlerChrysler of Germany, has been trying to boost its plunging sales in Japan and repair its battered image in the wake of a defect cover-up in 2000.
Sonobe took over as Mitsubishi Motors president in November 2000 after his predecessor resigned to take responsibility for the scandal. The announcement set off speculation that he will step down and hand over his post to Chief Operating Officer Rolf Eckrodt.
