Mitsubishi president Testuro Aikawa is stepping down over the mileage cheating scandal unfolding at the Japanese car maker.
Mr Aikawa has told reporters he will see through the investigation of the scandal, which surfaced last month.
He appeared with Mitsubishi chairman Osamu Masuko, who helped engineer a deal with Japanese rival Nissan, to take a 34% stake in Mitsubishi for 237bn yen (€1.92bn).
Mitsubishi stock had plunged following the scandal.
Nissan found the faked mileage tests because of a discrepancy with its own tests on Mitsubishi-manufactured mini-car models with tiny engines that had been sold under the Nissan brand.
Mitsubishi said rigging goes back 25 years, and may involve all models, including discontinued ones.
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