In response to the FIFTH recall of the new Honda Fit the company’s board has cut CEO Takanobu Ito’s pay by a whopping 20 percent!
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Alan Mulally, president and CEO of Ford Motor Company is set to retire. The influential executive will step down from his post in just two months.
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William Clay Ford, the last remaining grandson of Henry Ford, died this morning in his home.
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Along with two other executives, Hyundai’s chief technology officer Kwon Moon Sik resigned yesterday following record recalls for the brand in the U.S.
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Jeong Sung Eun, Kia‘s Vice Chairman, took the rare step of resigning his post on September 3rd, as he accepted responsibility for a large recall of Kia vehicles. Roughly 86,000 vehicles were recalled due to an electrical wiring issue that posed a potential fire hazard. About 35,000 Sorentos and Souls from the the 2010 and...
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