Many executives have incentives tied to the performance of the company they work for, but in Honda’s case, senior executives are being docked some pay after the maker’s subcompact Fit was recalled for the fifth time.
The recall involves 425,825 Fit hybrid vehicles and other models in Japan. Honda said in addition to a noise-related issue there is a problem with the ignition coil or power-supply circuit could cause the engine to stop in the Fit and Vezel hybrids as well as some gasoline-powered Fit and N-WGN models.
The move comes as Honda is facing lawsuits due to accidents involving airbags supplied by Takata Corp. The airbags have been linked to four deaths, which were all in Honda vehicles. (more…)