Honda CEO to step down

Posted online February 23, 2015 | 6:15 am

Honda CEO Takanobu Ito will step down from his post in June, making way for new leaders to overhaul the Japanese automaker.

He'll be succeeded by Takahiro Hachigo, currently Honda's managing officer, according to CNNMoney.

Honda did not disclose whether Ito's exit was related to Honda's recent troubles with faulty airbags, poor sales and regulatory fines.

Read more from CNNMoney.

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