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 management changes did Honda implement in response to the recalls?

What challenges has Honda faced in launching new models?