Honda CEO determined to defend self against possible ouster

Article by Christian Andrei, on February 18, 2015

Takanobu Ito is determined to fend off moves for his ouster as the chief executive of Honda Motor Co. and is even looking to extend his term by another two years, four people privy with the matter told Reuters. Ito is said to have upset former Honda executives as well as it long-term local suppliers by looking for global suppliers to cut its costs.

One retired executive at Honda said that Ito’s moves have thrown group suppliers into disarray, adding by the way things are going, these local suppliers could become subcontractors with “no technologies of their own." Two of Reuters’ sources said that that despite the calls for his removal, he is determined to see his reforms through.

A Honda divisional head told the news agency that since the start of 2015, Honda has been operating on the assumption that Ito will continue as CEO, adding that the top honcho has a 70-percent chance of keeping his job.

A former senior Honda executive remarked that Ito is determined to keep going as CEO, and they are “generally okay with that."

Ito’s moves have included a focus on vehicle electrification and the carmaker has courted global suppliers like Robert Bosch, Continental and TRW Automotive – thereby bypassing its local suppliers such as Keihin Corp. and Showa Corp.

Topics: honda, ceo

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

Off-road driving with an open air vehicle provides another kind of experience for many off-road enthusiasts and fans. For this sake, Ford is planning to offer a version of the...
by - January 16, 2017
For those who love driving, future autonomous cars should be like the Toyota Concept-i that is drawing in a multitude of visitors at the 2017 Consumer Electronics Show in Las...
by - January 15, 2017
Things are looking good at Rolls-Royce Motor Cars as the British luxury carmaker impressed by posting a six-percent jump in deliveries in 2016. Rolls-Royce’s 2016 deliveries of 4,011 units in...
by - January 15, 2017
British luxury sports car maker Jaguar is introducing a bevy of subtle updates to the 2018 Jaguar F-Type Facelift. However, these updates are so subtle that they are barely noticeable...
by - January 14, 2017
As far as Automobili Lamborghini S.p.A. is concerned, 2016 was a very fruitful year. This is all due to the fact that the luxury sports carmaker has delivered the most...
by - January 14, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries