Honda President Loses Job Over Ongoing Quality Issues

Honda Motor Co. President Takanobu Ito said he will step down and named an r&d executive with wide international experience as his replacement following a string of quality lapses that spurred a round of internal reforms.

Takahiro Hachigo, 55, currently a managing officer leading the company’s r&d, purchasing and production in China, will take office as president and CEO in late June, following approval at that month’s annual shareholders’ meeting, Honda said in a statement today.

The date of the meeting has not been announced.

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cidflekken - 2/24/2015 1:23:59 AM

+2 Boost

Why aren't there more executives losing jobs in the industry? And alot of other industries? Is the culture at Honda that much different? I'm curious to hear some responses.

Vette71 - 2/24/2015 11:51:32 AM

+1 Boost

CEO turnover rates have increased dramatically in the last two decades. It has become a risky job. You don't produce you are out. This seems as much due to poor sales results, ergo poor profits, as much as the Takata debacle. Interestingly enough, as a posting later on indicates, the Takata case is a classic Ready, Fire, Aim. (think about it). Under public (see @009 all hot to trot about this)and government pressure they run out and replace air bags with newer versions of the same design when they don't know what caused the failure in the first place. That is lunacy. First find out the root cause, then design and test new versions, then replace the units. Over 10 years 5 people have been killed in the US by these things. Less then in the NY commuter train accident. There is no such things as a zero risk life.

jtz7 - 2/25/2015 9:49:02 AM

0 Boost

I wish the CEO of Nintendo would step down. Iwata is a dumb ass. When the Wii U was in R&D, they only made it a little bit more powerful than the PS3 and 360 back in 2008. Yet the Xbox 360 debuted in 2005 while the Sony console debuted in 2006? And ignoring that Sony and Microsoft had more powerful consoles in their R&D as well. Now the PS4 is at 20million units while the Wii U is at 9.2 million units. What company bases their R&D on rivals that are already have their products on the market? Now so I can tie this to what this has to do with the article?

Unlike Nintendo, Honda realizes their problem and is doing something about it so that quailty can improve. That's why Honda is working more on quailty than quanity. Iwata, CEO of Nintendo NTD just sits there and let anything happend to wii U. So to you Honda fans, Honda is smart they are doing something to get better....unlike Nintendo.