Quality issues spur Honda execs to take pay cuts

Top executives at Honda Motor Co. are taking pay cuts following a recent string of quality issues.

President Takanobu Ito will give up 20 percent of his pay for three months, and another 12 executives will take 10 percent cuts.

According to Fox Business, the pay cuts at Honda come amid troubles for the Honda Fit, which has been the subject of five recalls in Japan since the current generation debuted a year ago

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