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:


Login or Create new account to add a comment!


Soon, Fiat Chrysler’s Dodge brand will be ending the production of the Dodge Viper. So practically, the 2017 Dodge Viper will be the last Viper up for grabs. Gerry Wood...
by - October 25, 2016
Say hello to the fastest accelerating production car in the world: the new 2017 Tesla Model S P100D. Powered by a 100 kWh battery, this new model basically outruns almost...
by - October 25, 2016
Ever heard of the “Lynk & Co” automotive brand? Well, it is highly likely people haven’t. This is practically because this is new brand created by the joint venture between...
by - October 25, 2016
Mitsubishi is now officially part of the Renault-Nissan alliance after Nissan took over the Japanese car company recently. We know a lot has been happening in the car industry, but...
by - October 24, 2016
Driving the newest 2017 BMW 5-Series (G30), Clive Owen (Closer, Children of Men) returns to his role as “The Driver”. In this latest installment, what initially starts as a simple...
by - October 24, 2016