Fuso names new president and CEO

Wed, 01 Jun 2005 | Source: AP

TOKYO: Scandal-tainted Japanese truckmaker Mitsubishi Fuso Truck & Bus announced a new president and CEO on Tuesday, demonstrating resolve to overcome a crisis over cover-ups of auto defects.

Mitsubishi Fuso, which is 85 percent owned by DaimlerChrysler AG of Germany, said in a statement that current President Wilfried Porth would be replaced in late June by Harald Boelstler, vice president of Mercedes-Benz Passenger Car Procurement.

Mitsubishi Motors Corp. acknowledged five years ago it had been hiding auto defects for decades to avoid recalls. At that time, the truckmaker was part of the automaker. Past defects have been suspected in two fatal accidents.-- AP

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