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Honda CEO Ito to step down, replaced by low-profile engineer
2015-02-23 10:02:35| Automakers - Topix.net
Honda Motor Co Chief Executive Takanobu Ito will step down in late June after six years in the top post and be succeeded by Managing Officer Takahiro Hachigo, a low-profile engineer with global experience, the company said in a surprise announcement on Monday. Japan's No.3 automaker has hit a rough patch over the past year with quality problems that have led to multiple recalls of its popular Fit hybrid subcompact, which Ito conceded earlier this month could have been caused at least in part by an aggressive sales target.
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Category:Automotive