Honda Motor Co said on Thursday its president and 12 other executives would take an unprecedented pay cut after the Japanese automaker announced the fifth recall in a year of its new Fit model. The recall, which covers 425,825 vehicles in Japan, comes as Honda is facing lawsuits due to accidents involving airbags supplied by Takata Corp (7313.T). The airbags have been linked to four deaths – all on Hondas – and have triggered a multi-million vehicle recall by several automakers worldwide.