💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Honda CEO says to prioritize quality over sales target

Published 11/09/2014, 11:15 PM
Honda CEO says to prioritize quality over sales target
HMC
-

TOKYO (Reuters) - Honda Motor Co's CEO (T:7267) said he would prioritize quality improvements over the company's target of selling 6 million cars in the year starting April 2016, as the automaker recalls millions of cars to fix potentially defective air bags.

Concerns about potentially defective air bags made by Takata Corp have led to recalls of millions of cars by 10 automakers in the United States, mainly Honda.

"My heart aches over the fact that our customers have been injured or killed in our products with air bags," Honda Chief Executive Takanobu Ito told reporters at an event to launch the new hybrid Legend model.

© Reuters. Honda Motor Co's renewal hybrid sedan car

"We are, as are other companies, conducting regional recalls in the southern states of the United States and analyzing the data. What we need to do first is to get those result and take appropriate action."

(Reporting by Mari Saito and Maki Shiraki; Writing by Chang-Ran Kim; Editing by Ryan Woo)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.