TOKYO (Kyodo) — Bigmotor President Hiroyuki Kaneshige said Tuesday he will step down, as the used car chain has been grilled over allegations that it charged excessive repair fees and also made fraudulent insurance claims.
“We’ve caused so much trouble and concern to customers and nonlife insurance companies. I am truly sorry,” Kaneshige, 71, also founder of the company, said at a news conference. He will resign on Wednesday.
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