While You Were Sleeping: February 23rd, 2015
February 23rd, 2015 10:17 AM
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The shock news of Honda CEO Takanobu Ito’s resignation is the biggest story this morning, but it’s not the only one.
- Auto execs say that the recent fall in the Canadian dollar is too little, too late for the country’s manufacturing sector.
- How much can you really make as an Uber driver? Not much.
- Perhaps the best article on the rumored Apple car.
- Volvo’s autonomous vehicle technology will get its first public introduction in 2017.
- PSA will build DS-brand luxury cars at its once troubled Poissy plant. The DS line is credited with helping PSA turn a profit for the first time in years.
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Takanobu looks to be holding it back big time. Stepping down from a high position in Japan is a very big embarrassment to himself, his family and the entire Honda corporation. It explains the many suicides that occur after quitting or being fired. Completely different culture than the U.S.
That's called "losing face". It causes them extreme stress.
what a load of hooey! I thought this was a "car site"
I thought this was supposed to be a web site on cars, not a repository of racist and snide comments. A little discipline, please. Having said that, with the death of its founder Honda seems to have lost its way. The company seems to be drifting with no real sense of direction. With Takanobu stepping down, Maybe Honda can start to find itself again-I hope.