Honda CEO's Pay Cut 20 Percent Following Fit Recalls

Craig Cole
by Craig Cole

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!

In addition to this, a dozen other executives face a 10-percent reduction in wages because of the quality issues. This is not a good time for Honda. The Fit’s call-backs are mounting and then there’s the potentially disastrous Takata airbag issue.

SEE ALSO: 2015 Honda Fit Review

It’s been alleged the company improperly reported fatalities and injuries caused by faulty airbag inflators. They’ve also been accused of hindering identification of this widespread problem.

To help assure issues like these doesn’t happen again the company has supposedly created a new quality-assurance position.

GALLERY: 2015 Honda Fit

[Source: Left Lane News]

Discuss this story on our Honda Fit Forum.

Craig Cole
Craig Cole

Born and raised in metro Detroit, Craig was steeped in mechanics from childhood. He feels as much at home with a wrench or welding gun in his hand as he does behind the wheel or in front of a camera. Putting his Bachelor's Degree in Journalism to good use, he's always pumping out videos, reviews, and features for AutoGuide.com. When the workday is over, he can be found out driving his fully restored 1936 Ford V8 sedan. Craig has covered the automotive industry full time for more than 10 years and is a member of the Automotive Press Association (APA) and Midwest Automotive Media Association (MAMA).

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