Monday, February 23, 2009

Honda's Search For Buyer Still Going On

The Japanese car maker put the team up for sale in December. Although a bid from the Virgin Group and an internal management buyout have both been rumoured, Honda CEO, Takeo Fukui, disclosed at a press conference in Japan that the company’s search for a viable purchaser is still ongoing.
Fukui will step down as CEO and President of Honda in June. Takanobu Ito will replce him.

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