Mitsubishi Appoints New President and CEO of Mitsubishi Motors North America
Cypress, Calif. - Mitsubishi Motors Corp. (MMC) announced that effective March 1, 2014, Ryujiro Kobashi will succeed Yoichi Yokozawa as president and CEO of Mitsubishi Motors North America Inc. (MMNA).
Prior to this, Kobashi was the corporate general manager of the North America Office at Mitsubishi Motors headquarters in Japan. He was the head manager of the main division coordinating North American operations including the U.S., Canada, and Mexico. His career with MMC began in April 1983 when he joined the company's Overseas Planning Department, supporting activities for sales and advertising/publicity in foreign countries, as a recent graduate of Hitotsubashi University, where he earned a Bachelor of Sociology degree.
Over the years, Kobashi has lived in a variety of diverse regions around the globe where he served in key management positions including overseeing the marketing, sales promotions and advertising for Mitsubishi Motors in Germany and the Netherlands, as well as coordinating the company's business operations in the ASEAN regions.
"I am very much looking forward to this new opportunity as we navigate Mitsubishi Motors North America to thrive in the U.S. market under MMC's 'New Stage 2016' business plan," said Kobashi.
Yokozawa will be returning to Japan for an executive assignment in MMC's Corporate Planning Office. He became president and CEO of MMNA in April 2011, and oversaw three critical North American product launches: the all-electric i-MiEV, the redesigned 2014 Outlander and most recently, the new 2014 Mirage. He also oversaw the commencement of U.S. production, in 2012, of the Outlander Sport at MMNA's Manufacturing Division in Normal, Ill.
More Industry

First-Half Dealership Deals Up
Buy-sell activity shows that acquirers are looking for value and scale as many retailers seek to leave an increasingly competitive and complex market, Kerrigan Advisors reports.
Read More →
Kia Closes Out Summer With a Bang
Its U.S. subsidiary broke multiple records in August, in part due to a surge of demand for hybrids models.
Read More →
Indiana Dealership Changes Hands
A 30-year-old Ford dealership in Indiana has a new owner and will soon be undergoing renovations to meet manufacturer requirements.
Read More →
Texas Dealership No Longer in the Family
The Ford store, a longtime cornerstone of the Houston market, is now part of one of the fastest-growing U.S. auto groups.
Read More →
Genesis Grows California Presence
The Cardinale Automotive Group opened its third Genesis rooftop in the Golden State, Genesis of San Bruno, a stand-alone dealership serving the San Francisco Bay Area.
Read More →
August Auto Sales a Mixed Bag
An early forecast shows strong business despite consumer hurdles, and hybrids are a big piece of their affordability coping strategy.
Read More →
EV Market Humming Along
July sales show steady growth as the segment stabilizes from last year’s artificial surge following pullback of federal support.
Read More →
Auto Loan Delinquency Rates Stabilize
Auto loans are a main driver of nonmortgage consumer debt, but delinquency rates stabilized in the second quarter across all credit risk tiers.
Read More →
EV Sales Recover in Q2
The EV sales roller coaster continues as numbers show improvement, but industry experts predict a year-over-year third-quarter decline and fourth-quarter jump.
Read More →
The Cheapest Hybrids to Fuel
The powertrain is increasing in popularity, in no small part due to its fuel economy. A new report lists the most efficient hybrids on the market.
Read More →