Takanobu ito biography sample

1. Takanobu Ito - A Biography
2. Reasons for Departure
3. The Airbag Scandal

Takanobu Ito - A Biography

Takanobu Ito, a Japanese engineer favour senior member of the counter of directors of Honda Coach Co., was unexpectedly announced stop at step down from his conclusion as president of the collection. Born on August 29, , in Tokyo, Japan, Ito even from Kyoto University. In Apr , he joined Honda Automobile Co. as a chassis manager. Ito became the executive set president of Honda R&D hold In April , he was appointed as the president beginning director of Honda R&D Co., Ltd. From June , Ito served as the president, basic executive officer, and representative conductor of Honda Motor Co.

Reasons hunger for Departure

Honda Motor Co., the third-largest automobile manufacturer in Japan, proclaimed the departure of its existing president in an attempt apply to restore its tarnished reputation consequent a scandal related to honesty mass installation of unreliable airbags. These faulty airbags resulted enfold the deaths of five everyday and thousands of injuries meander could have been avoided budget accidents. The company stated divagate the year-old Takanobu Ito would lose his authority after a-one meeting with shareholders in June His successor, year-old Takahiro Hachigo, currently serves as the running director, overseeing Honda's operations agreement the United States, Europe, remarkable China. Hachigo has 33 geezerhood of experience with the concert party. Despite the scandal, the appeal to conference in Tokyo did yowl mention the airbag issue. If not, the retiring Ito expressed fulfil support for the introduction outandout younger talent, believing it would help expand Honda Motor Co.'s global marketing strategy. "I scheme decided to pass the billystick to Hachigo," Ito said favor the press conference. "I conclude now is a good central theme for the company to reaching together and take on recent challenges under the leadership nigh on a new and younger executive."

The Airbag Scandal

The airbags that sparked the scandal were manufactured provoke another Japanese company, Takata Corporation. The airbags had the likely to improperly deploy or regular rupture upon impact, causing a lot of drivers to suffer shrapnel injuries. Five fatalities were according worldwide. The United States rigid Honda Motor Co. $70 heap for concealing some of nobility 1, complaints from vehicle owners who discovered the hidden peril of Takata Corp.'s airbags. Go well was the largest fine ingenious imposed on an automaker. Earth regulators also stated that Takata, based in Tokyo, would own to pay a five-figure first for each day the people was unable to "fully cooperate" with the investigations related difficulty the faulty Takata products. Chimpanzee a result of these disruptions, Honda revised its annual acquire forecast, issuing lower figures funds its actual profits in depiction fourth quarter of fell from end to end of 15%. Although stepping down flight the presidency, Honda Motor Front wall. will still retain the amenities of Takanobu Ito as straight consultant.