Honda execs take pay cut over recall

The latest Honda Fit Hybrid (aka Jazz) has been the subject of five recalls in just one year.

The latest Honda Fit Hybrid (aka Jazz) has been the subject of five recalls in just one year.

Published Oct 24, 2014

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Tokyo - Honda has announced that its executives would take salary cuts for three months after the fifth recall in a year of the new Fit (aka Jazz) Hybrid in Japan.

Honda chief executive Takanobu Ito and other executives will cut their monthly pay by 10 to 20 percent for three months to take responsibility for the repeated repairs in Japan, the carmaker said.

Honda issued a recall for 425 825 cars on Thursday because of problems with an ignition coil and a power-supply circuit. The recall covers some Fit and Vezel hybrids and some petrol-engined Fit and N-WGN small cars.

A spokeswoman for Honda said it had not received any reports of accidents or injuries caused by any of the defects.

Japan's third-largest carmaker also said one executive will assume a newly created post to oversee quality improvements.

The new Honda Jazz is set to hit South African shores in early 2015, by which time these defects will likely have been ironed out.

Sapa-dpa

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