Honda's net profit drops 32 percent over Takata air bag debacle
Honda Motor Co. said Friday its net profit fell 32.4 percent in the business year ended in March, as costs related to a recall of defective air bag inflators made by Takata Corp. offset solid sales in North America and Asia. Honda, the nation's third-biggest ...
Outspoken Takata investor sold all stock after losing trust in management
Takata Corp. has lost the confidence of one of its biggest former shareholders, which said the company cut off access to management and downplayed risks as its air bags spurred a record auto-safety recall. Sawakami Asset Management, whose $2.6 billion stock fund beat the benchmark ...
Takata, automakers stuck in uneasy relationship as recalls mount
Air bag manufacturer Takata Corp. and Japan's carmakers are locked in the commercial equivalent of a bad marriage, not entirely happy in each other's company but unable to break apart.
Nissan announced Saturday that it is recalling more than 52,000 vehicles for passenger air bags that can explode with too much force and send shards of metal into the passenger compartment. The vehicles have air bag systems made by troubled Japanese supplier Takata Corp. The ...
U.S. examines whether Honda failed to report fatal air bag incidents
The U.S. has begun a formal investigation of whether Honda Motor Co. failed to tell regulators about deaths and injuries relating to Takata Corp. air bags that can shoot shrapnel at car passengers. Honda must now produce documents and answer questions under oath, the National ...
Honda to expand Takata air bag recall; total could top 1 million vehicles
Honda Motor expects to recall vehicles with potentially defective air bags, in a move that could expand a massive multicompany recall.
