Fires, Collisions Prompt Sixth Major Recall of Honda Fit

The transcript discusses Honda's recent recalls involving the FIT Compact and Vezel models due to engine control and power steering issues. These recalls have led to management changes, including pay cuts and resignations. Honda plans to address these quality issues by developing global models to reduce regional customization and improve reliability. The company has been affected by broader industry challenges, including the Takata airbag scandal.

What was the main issue with the FIT Compact that led to a recall?

• Airbag defect

• Transmission malfunction

• Brake system failure

• Engine control system issue

How many major recalls have involved the FIT since its launch?

• Eight

• Four

• Three

• Six

What action did former President ITO take in response to the recalls?

• Resigned immediately

• Increased production

• Introduced new models

• Took a 20% pay cut

What strategy does Hashigo want to implement to address Honda's quality issues?

• Reduce production costs

• Focus on regional-specific models

• Develop more global models

• Increase R&D spending

What other major issue has affected Honda besides the recalls?

• Labor strikes

• High production costs

• Takata airbag issue

• Fuel efficiency problems