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As most of you know I have NOT been a fan of Ito. I feel he has run Honda into the ground. There have been two coup attempts to remove him from office and he resisted both of them.

MAJOR NEWS: The coup is completed and Ito has been ousted!!!! The 'advisory group' stepped in and replaced him with Takahiro Hachigo. We'll have to see where it goes from here. I don't know much about Hachigo, but I hope many will very happy that Ito is gone. I know I am!!
 

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Honda Motor Co has announced the appointment of Takahiro Hachigo, currently the company’s managing officer, as senior managing officer effective April 2015, and president, CEO and representative director in late June 2015.

Takanobu Ito, the current president, COO and Representative Director, will remain on the board and assume the post of director and advisor to Honda Motor. This management succession will occur following the final decision of the Honda Motor Board of Directors after the company’s annual shareholders’ meeting, scheduled for late June 2015.

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Wow, this is great news to wake-up to. Finally:act035: I just hope they don't change their minds this time.

J
 

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Discussion Starter · #6 ·
Make no mistake... Ito is there as a figurehead only because the changes can't be official until the meeting in June. In just last two weeks Ito said he was staying at least the next 2 years. The 'advisory group' (retired past executives) intervened a couple of weeks ago and suggested that Ito step aside. It is customary for the requests of the advisory board be taken very seriously, and Ito's refusal to step down was a major power play on his part.

Yesterday, the advisory group stepped in again, and within hours they Honda quickly put together a press conference and Ito made the announcement. The way the company works nothing can be official until the shareholder meeting in late June, but Ito's powers are gone.

No, I don't know a lot about any of the people involved. It's interesting that they skipped Ito's right hand man and named Hachigo to take over. He's the head of R&D in China. So a lot of people were overlooked and I think that can be considered "cleaning house" if you know what I mean.

Tetsuo Iwamura will also "step down". He's the chairman of American Honda Motor Co. Takuji Yamada will take over Iwamura's duties.

A lot of other top level changes. I don't know a lot about any of them, but will put out some feelers and see what others have to say. In my opinion anything that gets Ito and his bunch out is a good thing!
 

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http://www.youtube.com/watch?v=PHQLQ1Rc_Js

The Japanese auto maker said Takahiro Hachigo, a managing officer based in China, will replace Takanobu Ito as president and chief executive in late June. Company insiders were surprised by the timing and the choice of Mr. Hachigo, who was promoted over more prominent executives.
At a news conference, Mr. Hachigo pointed to his diverse background, which has included stints in the U.S., Europe and now China. He has worked in areas such as vehicle design, production and purchasing.

“I did have wide-ranging experiences over the years, and I believe I can make that useful for the future of Honda,” Mr. Hachigo said.
 

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Honda has been coasting for years now and has lost a lot of ground. I'm glad Ito has been ousted and I hope Hachigo has 'the right stuff' to guide Honda to catch up with the rest of the industry.
 

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I bet the HondaJet people are sweating now. I'm sure that project has soaked up a lot of Honda's spare cash over the past decade, and is about 5 years late. They've got an order book of around 100 aircraft. Hopefully that is enough (plus projected spare part and maintenance sales) to recoup their investment.

Chip H.
 

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Honda has been coasting for years now and has lost a lot of ground. I'm glad Ito has been ousted and I hope Hachigo has 'the right stuff' to guide Honda to catch up with the rest of the industry.
This is a false impression of what Ito has done: Ito has introduced the Earth Dreams engines and CVTs, built several factories around the world, is bringing turbos, the 8DCT debuted world-class hybrid tech, got Honda back into F1, is finally seeing HondaJet get off the ground - not to mention shaken up everything from design to parts procurement to R&D. If you don't like him that's fine but he's done anything but coast.
 

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This is a false impression of what Ito has done: Ito has introduced the Earth Dreams engines and CVTs, built several factories around the world, is bringing turbos, the 8DCT debuted world-class hybrid tech, got Honda back into F1, is finally seeing HondaJet get off the ground - not to mention shaken up everything from design to parts procurement to R&D. If you don't like him that's fine but he's done anything but coast.
OTOH, we've seen him be responsible for the Civic debacle, the cancellation of the diesel engine option, and numerous other things that did not win him any friends on the interweb. In addition, he was not known as a proponent of the RL either.
 

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This is a false impression of what Ito has done: Ito has introduced the Earth Dreams engines and CVTs, built several factories around the world, is bringing turbos, the 8DCT debuted world-class hybrid tech, got Honda back into F1, is finally seeing HondaJet get off the ground - not to mention shaken up everything from design to parts procurement to R&D. If you don't like him that's fine but he's done anything but coast.
The key has been the (unwanted) shift in primary tenets that made Honda a great company... rooted with it's founder. In "the old days", Honda ALWAYS put pride of product before other fleeting competitive trends. More lately, the striving leaps of other mfgs has caused Honda to compromise those cultural tenets that kept them at the forefront of reliability and product stability.
You may not like that "stodgy" approach to building quality products, but THAT was what Honda had going for it more than anything else. Sometimes their styling has not been the most current, and frequently they have not been the first responder to consumer demands.... but they were frequently very successful in putting out a high quality, reliable product when all was said & done.
ITO was at the forefront of Honda Corporate leadership. It is at that level where those primary tenets are reinforced, changed, or abandoned. He might have done some good things tactically, but his strategic approach departed significantly from (if not abandoned) the foundation that made Honda great in the first place. It doesn't matter how many bells & whistles you include, or how fast you go, or what great styling you have.... if you don't have a foundation of quality/reliability. Just ask Chrysler, GM, etc. etc.

I'm glad to see him go, only to the point that they might return to those core values of getting it right in the first place. Remember "keep it simple"??? That's where they need to go. After that core tenet of getting it right, everything else is window dressing.
 

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I don't know squat about Ito. What I see is things happening in my sphere of view related to Honda that should not be happening. So if what I'm seeing is ultimately Ito's fault, then I support his removal/reassignment what ever it is.

I buy Honda Power products when I can. Might be an outboard motor, a generator, a motorcycle, or every new car I've purchased since 1981. And the ones I've been buying since 2005 are of lower quality than prior years. they might be fancier, shinier, and more technologically current, but they are not the quality I expect. We all see this most clearly with the automotive recalls which have skyrocketed over the past 5 years. (not just for Honda, but we don't expect that from Honda). I used to believe Honda always sought the best idea instead implementing "whatever works".

Along this same arc, I have seen my local Honda dealer become less and less customer focused. They look, feel, and act like an old fashioned Big 3 dealership now, with screaming sales people on TV, tent sales, bait and switch, and a crooked service department. Is Ito responsible for this? probably not. But Honda's lack of oversight in the dealer network is responsible. It is getting worse. It is a quality issue.

So let them get the product line sorted out and back on track. Then I hope they can implement a real dealer quality program that benefits the customers, not the dealership owners.
 

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Discussion Starter · #18 ·
I first got word of this about 2AM today. The person that contacted me was very happy. I've chatted with a few other people, and all I can say is that everyone seems to think these changes are positive and getting certain values reinstated. Sounds good to me.

I'm not mentioning ANY names of anyone, but of the few negative remarks about one of those now in charge will have to change. The company is very embarrassed about their current quality image and I believe that will prevent the negative tendencies of that person to change.

Yes, I'm being evasive. Too much on the line here. I'll put it in another way. I was never at or near the top of the ladder in the auto industry, but I was sent to many places to fix problems. One of the first things I did was to get everyone's attention by making some personnel changes (fire people). It works. So right now you have a new 'regime' coming into power and many are wondering if they're part of the future.

For example, in this case the meeting to make the changes came on very short notice, the press was caught off guard and have very little information to go on, and as far as I can tell Honda has not even issued a PR about these changes. I find that very odd.

Anyway, from what I can piece together nobody is safe, and everything is up for review. Please don't read anything into that because nobody knows anything right now.

Many know that I didn't like Ito from the start, and I said he would run Honda into the ground, but in all fairness he was hit with some very serious issues that were not his fault.

I just hope that Honda can do something to stop the bleeding and then start heading back into the right direction. The powers to be know the North American market much better than Ito did, and I hope they know it well enough to speak openly and tell everyone that Honda is refocusing on their core values and one of those values is to build the best quality cars in the world.
 

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I can't tell you how glad I am that Honda's corporate culture included that "board of elders" as it is. That is so reflective of what you might expect from the legacy of Soichiro Honda.... the ability to have the company self-correct, and to embed the kind of stability provided by such a board to realign the company when 'current' leadership strays to far afield from the foundation values upon which the company was built. Hopefully new directions will reflect old intentions.
 

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Honda has had PR up for a while now:

http://world.honda.com/news/2015/c150223New-President/index.html

I think the fact that Honda's quality image is in doubt puts into perspective the lens with which we see different automakers through. Ford has recalled the current Escape 15 times (seriously...15!) and yet Ford's current image is that they are making some of the best cars they've ever made and the Escape sells fairly well and Alan Mullaly is the best CEO ever in history who "saved" Ford and yet they are still making cars of questionable quality. Honda recalls the Fit 5 times and CEOs are getting fired and it's being treated as a crisis by the media. Which for Honda it is. Just interesting to me that some automakers are given a pass. I can sort of understand some of Honda's frustration with the way the media has treated them this past year with the whole Takata mess.
 
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