Honda Switches CEO Amid Latest Recall, Financial Struggles

Honda CEO Takanobu Ito will step down, and relatively unknown Managing Officer Takahiro Hachigo will replace him. Follow Jamal Andress: http://www.twitter.com/JamalAndress See more at http://www.newsy.com Sources: Getty Images http://www.gettyimages.com/detail/news-photo/takanobu-ito-outgoing-president-of-of-honda-motor-co-speaks-news-photo/464231860 Getty Images http://www.gettyimages.com/detail/news-photo/honda-motor-co-ltd-president-chief-executive-officer-and-news-photo/463109444 Fortune http://fortune.com/2015/02/23/honda-ceo-to-step-down/ Getty Images http://www.gettyimages.com/detail/news-photo/takahiro-hachigo-incoming-president-of-honda-motor-co-poses-news-photo/464231844 Getty Images http://www.gettyimages.com/detail/news-photo/the-honda-motor-company-logo-is-displayed-on-a-dealership-news-photo/166318855 CBS https://www.youtube.com/watch?v=2xP8frZ4NyU Honda https://www.youtube.com/watch?v=OxFY4zNlHvg Auto News http://www.autonews.com/article/20141023/OEM11/141029920/honda-after-5th-fit-recall-appoints-first-quality-czar;-top-execs Honda http://world.honda.com/investors/library/quarter/2014/FY15-3Q-Quarter-Fact-Sheet.pdf Toyota http://www.toyota-global.com/investors/financial_result/2015/pdf/q3/overview.pdf Getty Images http://www.gettyimages.com/detail/news-photo/newly-appointed-president-of-japanese-carmaker-honda-news-photo/464226954 Image via: Getty Images / Chris McGrath http://www.gettyimages.com/detail/news-photo/honda-motor-co-ltd-president-chief-executive-officer-and-news-photo/463106766