2, 01. 2005
Taking the blame for the lack in progress of the revitalization of Mitsubishi Motors Corporation (MMC), Yoichiro Okazaki resigned as Chairman of MMC in late January after less than one year in the post. The president of MMC was also replaced at that time. Despite the establishment of an aid package by the Mitsubishi group, such as the Bank of Tokyo-Mitsubishi, Ltd., and others, there have been no signs seen of MMC's emergence from the doldrums since its sales fell into serious a serious slump after a spate of discoveries regarding the company's hiding of defective parts.
