U.S. Fines Honda record $70M for failing to report safety problems - Automaker admits to NHTSA it failed to report 1,729 death and injury incidents since 2003. Ref. USAToday
Honda Motor Co. President to step aside
Japanese carmaker Honda Motor Co. Said Monday that its president Takanobu Ito will step aside. Takahiro Hachigo, currently the company's managing officer, will succeed Ito, who will remain on the board as a director and adviser. The decision follows massive recalls by Honda of vehicles equipped with air bags made by Japan's Takata Corp. Ref. USAToday