Report : Honda names Takanobu Ito president and CEO

With the financial changes that are happening to the world, automaker leaders are changing. Honda Motor Corparation today announced that there'll be a change in leading. Takanobu Ito, currently head of global automotive operations, will replace Takeo Fukui as CEO starting in June as the company faces tough economic times, declining sales and a strong Yen currency.

Fukui, who is now 64-years old, has been CEO of Honda since 2003. Ito, 55, joined the Japanese automaker in 1978 working for its research and development department. He later worked on projects such as developing an all-aluminum unibody NSX supercar.

Fukui will remain on the board and will play advisor to Ito. However, with Ito on-board, will he change the dissions that Fukui made? In other words, will Ito bring back the 2010 NSX project, and will he actually interdouce a V8 engine to Honda sedans?

Source: [Honda via MSNBC]