The Traderszone Network

Published in TZ Latest News 23 February, 2015 by The TZ Newswire Staff

Honda CEO Ito to step down, replaced by low-profile engineer

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. Such self-inflicted setbacks had been compounded by multi-million-vehicle recalls to replace air bag inflators made by top supplier Takata Corp (7312.T) that have so far been linked to six deaths, all in Honda cars.

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