Latest News About Honda Motors

Honda Motor's 1st modification of president in six years comes amid a slew of troubles, including recalls and falling profits, stemming from President Takanobu Ito's backfiring ways to handle plunging demand.
Ito will step down in June to get replaced by Takahiro Hachigo, a managing officer whose background includes analysis and development.

Ito took the reins in June 2009, in the wake of the financial crisis, that almost worn out new-car demand in industrialised countries specifically. The March 2011 earthquake and tsunami in Japan and significant flooding in Asian country pushed down production levels. In September 2012, the corporate declared an aggressive medium-term growth strategy to respond to the current string of issues.
In distinction to Honda's previous inexplicit rule to emphasise quality over amount, the new arrange targeted sales of 6 million vehicles a year by commercial enterprise 2016 -- five hundredth over its figures at the time. It additionally called for shifting from an earnings structure with high exposure to North America to 1 built around six regions, as well as rolling out the match compact worldwide during a short amount of your time. exploitation of diesel, hybrid, and cell vehicles was enclosed as well.
But these ways came with a downside. The match went through 5 recalls due to variety of software defects. Honda quickly froze domestic new-car sales for thorough inspections. Ito conceded that there have been several problems in R&D.
Furthermore, the U.S. Department of Transportation discovered that Honda did not report some deaths and injuries caused by its vehicles from 2003 onward. It became clear that the corporate had placed priority on sales at the expense of quality assurance. Reports additionally surfaced of deaths and injuries in vehicles with air luggage made by Takata, an autoparts maker with shut ties to Honda. READ MORE