Renschler has already worked with Mitsubishi executives on the joint development of their common-platform forfour and Colt models. Fellow DCX nominee Mitsubishi Motor' president Rolf Eckrodt has announced his willingness to resign if asked to by the Mitsubishi Motors board, in the light of the firm's failure to reach profit targets. Meanwhile MMC has nominated Yoichiro Okazaki as its new chairman , a post left vacant since October 28, 2003, when former chairman Takashi Sonobe died. ~Okazaki is currently serving as a Managing Director at Mitsubishi Heavy Industries, and the appointment is described as signalling "the continued commitment of Mitsubishi Heavy Industries, Mitsubishi Corporation, and Bank of Tokyo-Mitsubishi to stand behind Mitsubishi Motors"
DaimlerChrysler sends Smart president to help cut Mitsubishi Motors losses
24/02/2004 in Latest News