Honda Current Affairs - 2019

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Takahiro Hachigo appointed as new President and CEO of Honda

Japanese automaker Honda Motor Co has appointed Takahiro Hachigo as its new President and Chief Executive Officer (CEO).

He will assume charge in June 2015 and replace Takanobu Ito, who had stepped down from the top most post in an unexpected move on 23 February 2015.

Prior to this appointment, Hachigo was Managing Officer of Honda Motor Co. and was appointed to this post in April 2014.

He had joined Honda in 1982, and began his career in its automobile Research & Development (R&D) operations, principally as an engineer in the area of chassis design.

Since then his career with Honda had spanned in several countries like United States, China and United Kingdom.

About Honda Motor Co

  • Honda Motor Co is Japan’s third largest automaker after Toyota and Nissan. It is primarily manufacturer of automobiles, motorcycles and power equipment.
  • Since 1959, Honda is the world’s largest motorcycle manufacturer. It is also world’s largest manufacturer of internal combustion (producing 14 million internal combustion engines each year).
  • It was established in 1946 by Soichiro Honda and Takeo Fujisawa. Its headquarter is located at Minato, Tokyo, Japan.

Japanese automaker Honda pays $ 70 million fine to US after failing to report safety issues

Japanese automaker Honda has agreed to pay US 70 million dollars in fines to the US authorities for failing to report safety issues involving its cars.

It was announced by the US regulator National Highway Traffic Safety Administration (NHTSA) after Honda had accepted liability for the breach on safety issues.

As per NHTSA, Honda failed to report more than 1,700 death and injury claims involving its cars between July 2003 and June 2014.

In this regard, Honda will pay two $35 million fines, making it as the largest amount ever paid by any automaker.

Background

Honda was under investigation for violations of NHTSA’s Early Warning Reporting regulations.

As per the NHTSA rules, it is necessary for the automakers to report quickly any information about possible defects, deaths and injuries or damage and warranty claims made by consumers.

But Honda failed to reveal and report 1,729 cases involving deaths or injuries between July 2003 and June 2014 to the NHTSA.

NHTSA earlier had reported that, few incidents of Honda cars involved Takata Corp air bags that had ruptured and had been the subject of massive recalls.

But, Honda attributed this incident to its data entry and computer programming errors. Thus, failing to comply NHTSA rules and regulations. So the fine was imposed by US regulator.