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From Insight to NSX and Beyond: Green Cars to Dominate at Honda

Two-thirds of all models to use hydrogen, battery power by 2030.

by on Feb.25, 2016

Honda Chief Executive Officer Takahiro Hachigo helping introduce the Honda Clarity.

Two cars couldn’t seem more unlike one another. Yet the Honda Insight and Acura NSX have a lot in common – and they’re trailblazing the path being laid out by Honda’s new CEO Takahiro Hachigo.

Though one car focuses on fuel economy, the other on performance, both rely on gas-electric hybrid powertrains, Insight and NSX underscoring Honda Motor Co.’s plan to have hydrogen and battery-powered vehicles account for two-thirds of its line-up by 2030. Today, so-called “new-energy” vehicles make up just 5% of the Japanese automaker’s model mix.

Electrifying!

“We want to focus our development resources for electrification,” Hachigo said during a Tokyo news conference that marks the start of his second year at the helm of Japan’s third-largest automaker.

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Honda Adds Another 4.5 Mil Takata Airbags to Recall List

Further recalls could be possible.

by on Jul.09, 2015

Honda CEO Takahiro Hachigo said the automaker won't financially assist Takata.

Already having recalled more vehicles for defective Takata airbags than any other manufacturer, Honda Motor Co. is adding another 4.5 million vehicles to its global tally, it announced today.

More than a third of those vehicles were sold in Japan, according to Honda, which noted that none of the affected vehicles are in North America. Until recently, the U.S. and Canada constituted the bulk of the recalls involving Takata airbags, but the latest announcement from Honda suggests the problem is much more widespread.

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The latest recall appears to bring the total number of vehicles impacted by faulty Takata airbags to more than 40 million worldwide. At least eight deaths have been directly linked to the problem, all in Honda vehicles. So far, all but one occurred in the U.S. But it remains to be seen if more fatalities will be added to the list as manufacturers expand the scope of their recalls abroad.

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New Honda CEO Lays Out Turnaround Plan

Takahiro Hachigo wants to tap “power of Honda people.”

by on Jul.06, 2015

Former CEO Takanobu Ito and Honda's new Chief Exec Takahiro Hachigo.

Hammered by the recall of more than 20 million vehicles due to faulty airbags, as well as a nearly 9% decline in profits, Takahiro Hachigo has a tough job ahead as the new CEO of Honda Motor Co.

The lifelong employee of Japan’s third-largest automaker laid out his vision of a turnaround during his first official news conference since being promoted to CEO last month. While Hachigo was short on specifics, he offered a broad outline that will bring more products and could see Honda enter new alliances and joint ventures with erstwhile rivals.

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“I plan to create a new Honda,” he told reporters at Honda’s Tokyo headquarters, adding that his goal is to tap into “the power of Honda people.”

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Honda CEO Ousted Amidst Airbag Woes

New chief executive Hachigo facing serious challenges.

by on Feb.23, 2015

Honda CEO Takanobu Ito shakes hands withe successor, Takahiro Hachigo in Tokyo on Monday.

Honda’s ongoing airbag problem has claimed another victim. In this case, it’s President and CEO Takanobu Ito, who will step aside in April, at the end of the automaker’s fiscal year.

Honda has been forced to recall millions of vehicles around the world due to problems with faulty airbags supplied by close ally, the Japanese partsmaker Takata. But Honda has run into a number of other issues and earlier this month scaled back its earnings forecast for the rest of the year.

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Ito will be replaced by Takahiro Hachigo, currently Honda’s managing officer. During a 33-year career, Hachigo helped guide the maker’s business ventures in China, Europe and the U.S. Among other things, he led the development of the popular Honda Odyssey minivan built in one of the maker’s many American assembly plants.

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