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    Honda CEO Takanobu Ito To Step Down In June


    • Honda's CEO announces his departure


    Honda is making some changes to its executive staff with a number of new appointments. The big change is the announcement of current CEO and president Takanobu Ito stepping down in June.

    Ito became the CEO back in 2009 and led the company through a tumultuous period which included the financial crisis, the massive earthquake and tsunami in 2011; and fluctuating currencies. More recently, Ito has received a lot of criticism for flagging quality issues which has led to a number of recalls, along with delays on a number of key products for the company.

    Despite the recent problems Ito has been dealing with, he has also introduced a number of reforms to get the company back on track. Such reforms include the retooling of the r&d division, delegating power and responsibility to six global hubs, and the return of such models of the Acura NSX and Honda Civic Type R.

    Taking Ito's place is Takahiro Hachigo. Hachigo has been with the company since 1982 and has held a number of roles at Honda including the head of the r&d department in the U.S. At the moment, Hachigo is the managing officer at Honda's office in China.

    “We are going forward. I believe this is a good opportunity to revamp our entire operations,” said Ito today at a news conference.

    “In 2015, Honda is ready to make a huge leap forward. To do this, I believe, Honda needs to overcome challenges under a new, younger leader as a team.”

    Now this change will need to ratified by Honda's shareholders, which is expected to happen at June's annual shareholders' meeting.

    Source: Automotive News (Subscription Required), Honda

    Press Release is on Page 2


    Honda Motor Co., Ltd. Announces New President & CEO

    TOKYO, Japan, February 23, 2015 - Honda Motor Co., Ltd. (“Honda Motor”) today announced that Takahiro Hachigo, currently the company’s Managing Officer, will become Senior Managing Officer effective in April 2015, and will become President, Chief Executive Officer and Representative Director in late June 2015. Takanobu Ito, the current President, Chief Operating Officer 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.

    Hachigo joined Honda in 1982, and began his career in its automobile research and development operations, principally as an engineer in the area of chassis design. Hachigo was in charge of developing the first-generation of U.S.-built Odyssey minivan, which was launched in 1999 primarily for the U.S. market. Hachigo went on to assume responsibilities as the person-in-charge of developing the second generation CR-V, Honda’s highly successful compact sport-utility vehicle for the worldwide markets, in 2001.

    From April 2004 to March 2006, Hachigo was stationed in the U.S. as Senior Vice President of Honda R&D Americas, Inc., where he became actively involved in the local development of Honda and Acura automobiles. In April 2006, Hachigo became Operating Officer of Honda R&D Co., Ltd. (“Honda R&D”) and subsequently gaining promotion to Managing Officer in April 2007. After retiring from this position in March 2008, Hachigo became General Manager of Purchasing Division No.2 of Purchasing Operations, Honda Motor, in April and became Operating Officer of Honda Motor in June of the same year. Hachigo then assumed a role in the area of manufacturing as General Manager of Honda’s Suzuka Factory in April 2011. He served as Vice President and Director of Honda Motor Europe Ltd. from April 2012 to March 2013 and also as President and Director, Honda R&D Europe (U.K.) Ltd., from September 2012 to March 2013. In 2013, Hachigo’s responsibilities shifted to China, becoming Vice President of Honda Motor (China) Investment Co., Ltd. in April, simultaneously becoming Representative of Development, Purchasing and Production (China), Honda Motor, and Vice President of Honda Motor Technology (China) Co., Ltd. In April 2014, Hachigo was promoted to Managing Officer of Honda Motor, a title he currently holds.

    Ito joined Honda in 1978 and began his career in the company’s automobile research and development operations, primarily as a chassis design engineer. Ito was in charge of developing the all-aluminum uni-body frame structure for the highly acclaimed first-generation NSX sports car that went on sale in 1990. In June 2000, he was appointed a member of the Honda Motor Board of Directors, subsequently assuming responsibilities as President and Director of Honda R&D, General Manager of the Suzuka Factory, and most recently, President, Chief Executive Officer and Representative Director of Honda Motor, a title he has held since June 2009.

    During the six years of Ito’s leadership, Honda was able to actively evolve its global manufacturing structure, notably the establishment of automobile plants in Mexico, Brazil, Thailand, Indonesia, India and China. Also under Ito’s leadership, Honda succeeded in solidifying its business foundation by enhancing its product development capabilities—from the hugely popular N-series mini-vehicles, to automobile powertrain development as represented by the Earth Dreams Technology, to the establishment of product development structures in each of Honda’s global regional operations. Furthermore, an all-new FCV that Ito has led in an effort to realize a CO2-free automobile, as well as “fun to drive” vehicles including the S660, Civic Type R and NSX models are scheduled to be launched during the fiscal year ending March, 2016. Likewise, Honda’s participation in Formula 1, the pinnacle of automobile racing, and foray into aviation businesses with HondaJet and jet engine will take place during the same period.

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    Interesting, hopefully with young blood will come passion for pushing the design of the auto's from their ultra conservative bland look to something that inspires.

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      YoY % Change
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      34
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      134
      181
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      0
      0.0%
      0.0%
      0
      2
      -100.0%
      -100.0%
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          204
      204
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      1,212
      2,414
      -49.8%
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      4,478
      16,021
      -72.0%
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          ***  Memo line items are included in the respective model total
          **** Hybrid includes FHEV, PHEV, CR-Z, Civic Hybrid, Insight, ILX Hybrid, RLX Hybrid, RLX Sport Hybrid and NSX
       
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      Source: Honda
       

       
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      The Civic Hatchback's all-new Sport Touring grade makes Honda Sensing™, Apple CarPlay™ and Android Auto™ and LED headlights as standard equipment, while adding heated rear seats and other features.
       
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    • By William Maley
      Honda Sets New Car and Truck Sales Records as American Honda Reports July Sales
      American Honda sets new all-time record for total truck sales and a July record for total vehicle sales Honda Division truck sales reach an all-time monthly high with 68,518 sold, an increase of 12.2 percent Honda CR-V shatters all-time monthly record on sales of 36,017, a 13.3 percent increase  Honda Civic sets new July record; joined by the Accord with sales of over 31,000 units New 2017 MDX and NSX deliveries boost Acura in July TORRANCE, Calif., Aug. 2, 2016 /PRNewswire/ -- American Honda Motor Co., Inc. today reported July sales of 152,799 Honda and Acura vehicles, a 4.4 percent gain over last July and a new July record. Total American Honda truck sales set a new all-time monthly record of 77,740 sales to jump 10.1 percent. The Honda Division set a new July total vehicle sales record, rising 5.9 percent on sales of 139,125, while Honda trucks set an all-time monthly record with a 12.2 percent increase on sales of 68,518 vehicles. Honda car sales were up 0.4 percent for the month, netting 70,607 sales. The Acura Division, though gaining momentum with the launch of key new models, posted July sales of 13,674, a decrease of 8.3 percent versus last year.   Honda With strong retail customer demand driving Honda's record U.S. production in the first half of 2016, Honda sales posted another record in July with continued strong demand for both cars and trucks. CR-V shattered its all-time sales record while the new Ridgeline pickup had a strong first full month of sales even as production continues to ramp up. Pilot and HR-V also were up as Honda trucks set a new all-time sales mark for the month. The new Civic continued its remarkable run with another record month in July.  CR-V sales rose to an all-time monthly record of 36,017 sales in July, an increase of 13.3 percent over last year The Honda Civic broke a July sales record set in 2013, rising 5.8 percent on sales of 32,952 units Accord sales again topped 30,000 units, keeping sales of Honda's three core models on track to top 1,000,000 units for the fourth consecutive year Increases for both Fit and HR-V topped 25 percent in July while Pilot gained 8 percent "The strong cadence of new Honda products we continue to bring to market has created extraordinary retail demand that is unprecedented in our history," said Jeff Conrad, senior vice president and general manager of the Honda Division. "With the Civic Hatchback on the way along with our step-by-step effort to fortify our truck business, we will continue to grow our sales through individual car buyers."
       
      Acura The Acura brand's renewed commitment to Precision Crafted Performance continues to take shape in dealer showrooms with the first deliveries of the all-new Acura NSX and the refreshed 2017 Acura MDX – the first model to reflect the new design direction that debuted with the Acura Precision Concept. On the market just five weeks, the newly-refreshed 2017 MDX posted strong sales of 4,902 units in July despite inventory issues related to the ramp-up of production. The NSX has brought high energy and excitement to Acura showrooms as the world's first customers of NSX begin to take delivery of the only supercar made in America.     "The first deliveries of the all-new Acura NSX are electrifying Acura showrooms and generating tremendous excitement for all Acura customers," said John Mendel, executive vice president of American Honda. "Showcasing the Acura brand's new design direction, the 2017 MDX is the next step in our commitment to deliver on Precision Crafted Performance."       American Honda Vehicle Sales for July 2016
            Month-to-Date
      Year-to-Date
            July 2016
      July 2015
      DSR** %
      Change
      MoM %
      Change
      July 2016
      July 2015
      DSR** %
      Change
      YoY %
      Change
          American Honda Total
      152,799
      146,324
      4.4%
      4.4%
      945,154
      899,325
      5.1%
      5.1%
          Total Car Sales
      75,059
      75,711
      -0.9%
      -0.9%
      490,994
      459,727
      6.8%
      6.8%
          Total Truck Sales
      77,740
      70,613
      10.1%
      10.1%
      454,160
      439,598
      3.3%
      3.3%
            Honda Total Car Sales
      70,607
      70,350
      0.4%
      0.4%
      458,439
      422,414
      8.5%
      8.5%
            Honda Total Truck Sales
      68,518
      61,059
      12.2%
      12.2%
      394,047
      374,909
      5.1%
      5.1%
              Acura Total Car Sales
      4,452
      5,361
      -17.0%
      -17.0%
      32,555
      37,313
      -12.8%
      -12.8%
              Acura Total Truck Sales
      9,222
      9,554
      -3.5%
      -3.5%
      60,113
      64,689
      -7.1%
      -7.1%
          Total Domestic Car Sales
      69,017
      75,110
      -8.1%
      -8.1%
      457,685
      455,404
      0.5%
      0.5%
            Honda Division
      64,671
      69,964
      -7.6%
      -7.6%
      425,966
      419,534
      1.5%
      1.5%
            Acura Division
      4,346
      5,146
      -15.5%
      -15.5%
      31,719
      35,870
      -11.6%
      -11.6%
          Total Domestic Truck Sales
      77,740
      70,613
      10.1%
      10.1%
      454,160
      439,593
      3.3%
      3.3%
            Honda Division
      68,518
      61,059
      12.2%
      12.2%
      394,047
      374,904
      5.1%
      5.1%
            Acura Division
      9,222
      9,554
      -3.5%
      -3.5%
      60,113
      64,689
      -7.1%
      -7.1%
          Total Import Car Sales
      6,042
      601
      905.3%
      905.3%
      33,309
      4,323
      670.5%
      670.5%
            Honda Division
      5,936
      386
      1,437.8%
      1,437.8%
      32,473
      2,880
      1,027.5%
      1,027.5%
            Acura Division
      106
      215
      -50.7%
      -50.7%
      836
      1,443
      -42.1%
      -42.1%
          Total Import Truck Sales
      0
      0
      0.0%
      0.0%
      0
      5
      -100.0%
      -100.0%
            Honda Division
      0
      0
      0.0%
      0.0%
      0
      5
      -100.0%
      -100.0%
            Acura Division
      0
      0
      0.0%
      0.0%
      0
      0
      0.0%
      0.0%
           MODEL BREAKOUT BY DIVISION
        Honda Division Total
      139,125
      131,409
      5.9%
      5.9%
      852,486
      797,323
      6.9%
      6.9%
            * ACCORD
      31,946
      34,496
      -7.4%
      -7.4%
      201,300
      190,242
      5.8%
      5.8%
            * CIVIC
      32,952
      31,139
      5.8%
      5.8%
      222,792
      189,440
      17.6%
      17.6%
              CR-Z
      272
      270
      0.7%
      0.7%
      1,477
      1,562
      -5.4%
      -5.4%
            * FIT
      5,432
      4,332
      25.4%
      25.4%
      32,817
      39,966
      -17.9%
      -17.9%
              INSIGHT
      5
      113
      -95.6%
      -95.6%
      53
      1,204
      -95.6%
      -95.6%
                                       CROSSTOUR
      11
      924
      -98.8%
      -98.8%
      713
      5,520
      -87.1%
      -87.1%
            * CR-V
      36,017
      31,785
      13.3%
      13.3%
      195,092
      194,803
      0.1%
      0.1%
              HR-V
      7,394
      5,909
      25.1%
      25.1%
      43,837
      20,050
      118.6%
      118.6%
              ODYSSEY
      11,228
      12,851
      -12.6%
      -12.6%
      75,889
      75,487
      0.5%
      0.5%
              PILOT
      10,350
      9,584
      8.0%
      8.0%
      72,524
      78,540
      -7.7%
      -7.7%
              RIDGELINE
      3,518
      6
      58,533.3%
      58,533.3%
      5,992
      509
      1,077.2%
      1,077.2%
                                    ***  Memo: Accord FHEV
      565
      1,481
      -61.9%
      -61.9%
      830
      7,888
      -89.5%
      -89.5%
                  Memo: Accord PHEV
      0
      1
      -100.0%
      -100.0%
      0
      60
      -100.0%
      -100.0%
                  Memo: Civic Hybrid
      60
      463
      -87.0%
      -87.0%
      767
      2,727
      -71.9%
      -71.9%
          Acura Division Total
      13,674
      14,915
      -8.3%
      -8.3%
      92,668
      102,002
      -9.2%
      -9.2%
              ILX
      1,201
      1,613
      -25.5%
      -25.5%
      9,659
      10,084
      -4.2%
      -4.2%
              NSX
      21
      0
      0.0%
      0.0%
      23
      0
      0.0%
      0.0%
              RLX / RL
      106
      213
      -50.2%
      -50.2%
      833
      1,413
      -41.0%
      -41.0%
              TL
      0
      3
      -100.0%
      -100.0%
      0
      84
      -100.0%
      -100.0%
              TLX
      3,124
      3,530
      -11.5%
      -11.5%
      22,037
      25,702
      -14.3%
      -14.3%
              TSX
      0
      2
      -100.0%
      -100.0%
      3
      30
      -90.0%
      -90.0%
                                      MDX
      4,902
      4,977
      -1.5%
      -1.5%
      29,517
      34,397
      -14.2%
      -14.2%
              RDX
      4,320
      4,577
      -5.6%
      -5.6%
      30,596
      30,290
      1.0%
      1.0%
              ZDX
      0
      0
      0.0%
      0.0%
      0
      2
      -100.0%
      -100.0%
                                    ***  Memo: ILX Hybrid
      0
      0
      0.0%
      0.0%
      1
      19
      -94.7%
      -94.7%
                  Memo: RLX Hybrid
      11
      28
      -60.7%
      -60.7%
      115
      147
      -21.8%
      -21.8%
                  Memo: TSX Wagon
      0
      0
      0.0%
      0.0%
      0
      2
      -100.0%
      -100.0%
          Selling Days
      26
      26
          178
      178
                **** Hybrid
      934
      2,356
      60.4%
      60.4%
      3,266
      13,607
      76.0%
      76.0%
                *    Honda and Acura vehicles are made of domestic & global sourced parts
          **   Daily Selling Rate
          ***  Memo line items are included in the respective model total
          **** Hybrid includes FHEV, PHEV, CR-Z, Civic Hybrid, Insight, ILX Hybrid, RLX Hybrid, RLX Sport Hybrid, and NSX
       
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