Suzuki Motor Corp patriarch Osamu Suzuki is stepping down as chief executive and the Japanese automobile maker promised to cut executive pay and slash 2015 bonuses, hoping to draw a line under the bruising admission of major flaws in its fuel tests. Japan's No. 4 automaker by sales said in May it had used the wrong methods to calculate mileage for models going back to 2010, widening a mileage testing storm that had already rocked smaller rival Mitsubishi Motors Corp. Those followed accounting scandals at Olympus Corp and Toshiba Corp, prompting criticism from some investors that the ...
Suzuki CEO steps down amid mileage test storm
Osamu Suzuki will however continue to be a member of the board of directors of Maruti Suzuki; executive VP Osamu Honda to retire