Mitsubishi Fuso Truck & Bus Corp. has promoted executive vice president Michio Hori, 61, to chairman, replacing Takashi Usami, who resigned on Friday, according to the Detroit News.
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Hori reportedly started his career in 1966 at Mitsubishi Heavy Industries Ltd., which later separated its vehicle-making unit to form Mitsubishi Motors Corp.
Usami, 63, resigned to take responsibility after the company, at a cost of $72.4 million, recalled more than 130,000 trucks and buses to repair faulty hubs which have been linked to 50 accidents, including one death, the paper noted.
