Mitsubishi Names German CEO

Mitsubishi Motors Corp. said a German, Rolf Eckrodt, will be its new chief executive--a move seen as boosting partner DaimlerChrysler’s influence at the ailing Japanese auto maker.

With Eckrodt’s promotion, Mitsubishi becomes the third Japanese auto maker to install a foreigner at its helm as the weaker firms seek overseas help amid rapid consolidation in the global auto industry.

Eckrodt, who was brought in from DaimlerChrysler in 2001, also will oversee the truck and bus operations, suggesting faster restructuring there.

The 59-year-old’s appointment will take effect June 25 with outgoing President Takashi Sonobe becoming chairman.