In a strange twist, Hideyasu Tagaya, former president and chief operating officer of Mitsubishi Motors Corp., reportedly will become chairman of the auto maker’s North American arm, Mitsubishi Motors North America, effective March 1. Tagaya was replaced as MMC president and COO by Osamu Masuko in January when Mitsubishi announced its latest revival plan. (See related story: Mitsubishi to Receive ¥540 Billion Lifeline) “To a large extent, the losses in the United States stemmed from ...

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