MMC head to quit after DaimlerChrysler equity purchase

MMC head to quit after DaimlerChrysler equity purchase

TOKYO, Japan - Mitsubishi Motors Corp. (MMC) announces Sept. 8 the resignation of its president over a cover-up scandal and a revision to its alliance pact with DaimlerChrysler AG. The fourth-largest Japanese automaker said Vice President Takashi Sonobe (L) will replace Katsuhiko Kawasoe as president Nov. 1, after DaimlerChrysler buys a 34% stake in MMC in October in a deal that newly allows the German-U.S. firm to raise its stake three years later without approval from the MMC board. Photo was taken at a news conference held at MMC's head office in Tokyo's Minato Ward on the afetrnoon of Sept. 8.

  • Product Code
  • ILEA000005863
  • Registered date
  • 2000/9/08 00:00:00
  • Credit
  • Kyodo / Kyodo News Images
  • Media source
  • Media size
  • 1215 × 1225 pixel
  • Resolution
  • 72 dpi
  • Deployment size
  • 150.14(KB)*
  • Special instruction

*File size when opened in Photoshop, etc.

Similar Images & Videos

    Nissan to take 34% stake in Mitsubishi Motors

    YOKOHAMA, May 12 Kyodo - Nissan Motor Co. President and Chief Executive Officer Carlos Ghosn (L) and Mitsubishi Motors Corp. Chairman Osamu Masuko shake hands following a press conference in Yokohama on May 12, 2016. The two companies said that Nissan will take a 34 percent stake in Mitsubishi Motors for 237 billion yen in a deal putting Mitsubishi Motors, stung by a fuel economy cheating scandal, under the wing of Japan's second-largest automaker.
      Nippon Steel, Usinor sign global alliance deal

      Nippon Steel, Usinor sign global alliance deal

      TOKYO, Japan - Makoto Kihara (R), executive vice president of Nippon Steel Corp., and Jean-Louis Ricaud, senior executive vice president of Usinor SA, shake hands at a press conference in Nippon Steel's head office in Tokyo on Jan. 23. Nippon Steel, the world's second-largest steelmaker, and France's Usinor, Europe's largest steelmaker, signed an alliance agreement in the business of steel sheets for use in automobiles.