Honda CEO’s Pay Cut 20 Percent Following Fit Recalls

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Honda CEO’s Pay Cut 20 Percent Following Fit Recalls
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In response to the FIFTH recall of the new Honda Fit the company’s board has cut CEO Takanobu Ito’s pay by a whopping 20 percent! Continue Reading...

Kia Vice-Chairman Resigns Over Recalls

Kia Vice-Chairman Resigns Over Recalls
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Jeong Sung Eun, Kia‘s Vice Chairman, took the rare step of resigning his post on September 3rd, as he accepted responsibility for a large recall of Kia vehicles. Roughly 86,000 vehicles were recalled due to an electrical wiring issue that posed a potential fire hazard. About 35,000 Sorentos and Souls from the the 2010 and… Continue Reading...
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