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In a Surprise Move, Honda to Replace its President

July 28, 2023
in Trade Tube
Reading Time: 1 min read
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Honda says its president Takanobu Ito will step aside and be replaced by another Honda executive in the wake of airbag recalls. The unexpected decision follows the recalls by Honda of vehicles equipped with air bags made by Takata. The airbags have inflators that can explode, expelling shards of metal and plastic. At least five deaths and dozens of injuries have been linked to the problem worldwide. Honda said in a statement that another Honda executive, Takahiro Hachigo, will succeed Ito. But Ito will remain on the board as an adviser. The changes will take place if they are approved by the board of directors at their June meeting.

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