Business Topics

Jul 10, 2015

Takata rejects U.S. senator's call for air-bag victim fund

Takata Corp has rejected a U.S. senator’s request to set up a fund that would compensate people injured or killed by its air bags. The Tokyo-based auto supplier notified Sen. Richard Blumenthal of its decision after the Connecticut Democrat called for a fund similar ...

New Honda chief discusses air bags, Asimo

Jul 9, 2015

New Honda chief discusses air bags, Asimo

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Although the root cause of Takata Corp.’s deadly air bag malfunctions remains unclear, Honda’s new president on Thursday tried to reassure drivers and passengers that recalled vehicles are rendered safe with replacement inflators. “Takata told us that the new inflator is safe, and we ...

Jul 9, 2015

Honda adds 4.5 million cars to Takata air bag recall

Honda Motor Co. added 4.5 million more vehicles globally to recalls involving Takata Corp. air bags Thursday, expanding preventative measures amid a growing toll of motorists injured or killed by the safety devices. The recall involves 1.63 million vehicles including Fit small cars and ...

Jul 9, 2015

Aeon Co., Seven & I Holdings lead retail profit run

Among major retailers in Japan, Aeon Co. and Seven & I Holdings Co. have reported record group operating profits for March-May, the first quarter of their current business year. Aeon’s quarterly operating profit jumped 55.4 percent from a year before to ¥34.9 billion. The ...

Jul 8, 2015

Toshiba's padded profits may reach ¥200 billion

Improperly booked operating profits at Toshiba Corp. for the five years through March 2014 may reach some ¥200 billion, nearly double the level that has been projected so far, informed sources said Wednesday. The amount is about 20 percent of Toshiba’s officially reported consolidated ...