Scandal-tainted truck maker Mitsubishi Fuso Truck & Bus announced a new president and CEO on Tuesday, demonstrating resolve to overcome its crisis over defect coverups.
Mitsubishi Fuso, 85 percent owned by DaimlerChrysler AG of Germany, said in a statement that current President Wilfried Porth would be replaced June 27 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 truck maker was part of the automaker. Past defects have been suspected in two fatal accidents.