Retired Honda executives attempted to oust CEO Toshihiro Mibe, according to a June 9, 2026, Reuters report. The move signals an internal leadership crisis driven by dissatisfaction with Mibe’s strategic direction.
Company veterans claim Mibe neglected core values and mismanaged the transition to electric vehicles. The group also cited a perceived neglect of the Chinese market as a primary concern.
Honda recently shifted its strategy away from electric vehicles toward hybrid models. This pivot followed the company’s first annual loss in decades.