MITSUBISHI CEO RESIGNS
Departure Comes as Automaker Conducts Agency Review

Jan. 4, 2005

DETROIT (AdAge.com) -- Finbarr O'Neill, co-chairman and CEO of Mitsubishi Motors North America, has resigned, according to executives close to the matter.

Mr. O'Neill joined Mitsubishi in September 2003 from Hyundai Motor America, where he helped turn around that brand as its president-CEO. His departure comes as Mitsubishi is in the early stages of an agency review, called for by the automaker's Japanese parent. For more on this story see http://AdAge.com -- Jean Halliday

 

He should have committed hare kare instead. He can't sell a single car except the EVO, which is a low-volume niche vehicle. Also, it doesn't sound like a "rumor" to me.

 

http://media.mitsubishicars.com/deta...58005&mime=ASC

Mark

 

wow, intresting.

 

wow

 

oh dayamn

 

It's never a good sign when a manufacturing head comes over to the "sales" end. Good luck to them, but I don't agree that it was the best move. Time will tell.

 

I didn't know Mitsu built cars in the USA. Which models? Surely not the EVO.

 

I guess this is one more nail in the coffin.....

 

who know's maybe this is what mitsu needs to turn back around.

 

Today is the beginning of the end for Mitsubishi Motors. Finbarr saw the writing on the wall and realized it is a dead cause. Dealers are dropping dead like flies, executives are resigning, and they do not have any decent product in the pipe line that is going to save them.

 

I agree it is the beginning (or actually the middle) of the end for Mistu NA. I have been saying that a chapter 11 bankruptcy filing is imminent, even BEFORE I bought my '04 EVO RS 3 months ago. And I am a bankruptcy lawyer.

But I love the car. RRE can take care of it. I doubt if Debtor MMNA will honor my warranty while in bankruptcy, so what do I need them for?

Just be glad you got your EVO before they stop selling Mitsu cars in the USA completely.

 

This is probably the best thing that could have happened to Mitsu. I doubt bankruptcy is in the future. More than likely Mitsu will be purchased and things will get turned around.

 

about time.

 

Finbar went to Reynolds and Reynolds. Mits will be OK in my opinion....But only time will tell.