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The Economic Times

Top News / The Economic Times

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INSIGHT-How Honda's old guard tried, and failed, to oust its CEO

Honda is encountering significant disputes as a faction of retired executives pushes for the removal of CEO Toshihiro Mibe. Citing his failure to adequately address the Chinese market and a poorly-conceived EV initiative, they argue that his leadership has culminated in detrimental financial losses. Despite the unfolding crisis, Mibe has secured backing from the board.

9 Jun 2026 9:59 am