Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Honda recalls 668,000 more cars in Japan over Takata air bags

Published 09/08/2016, 02:25 AM
Updated 09/08/2016, 02:25 AM
© Reuters. Visitor and logo of Honda Motor Co are reflected on a Honda car at company headquarters in Tokyo

By Naomi Tajitsu

TOKYO (Reuters) - Honda Motor Co (T:7267) on Thursday said it was recalling about 668,000 vehicles in Japan to replace air bag inflators supplied by Takata Corp (T:7312), as part of an expanded nationwide recall announced earlier this year.

Japan's second-largest automaker said it had recalled models including its Fit subcompact hatchback model, and the Civic and Accord sedan models over passenger-side air bags. Vehicles produced between 2009 and 2011 were affected, it added.

The latest announcement takes Honda's global tally of recalled air bags to about 51 million, around half of the roughly 100 million slated for recall worldwide over inflators which are at risk of exploding with excessive force.

Defective air bags have been linked to at least 14 deaths and 150 injuries worldwide, and are at the center of the auto industry's biggest ever product recall.

Thursday's recall comes after Japan's transport ministry in May ordered automakers to recall an additional 7 million vehicles in Japan equipped with Takata air bag inflators which do not contain a drying agent, in phases by 2019, following an expanded recall by U.S. transport authorities.

Without a drying agent, the ammonium nitrate-based propellant used in Takata inflators has a tendency to explode violently following prolonged exposure to hot, humid conditions, spraying metal shrapnel into vehicle compartments.

Honda, once Takata's largest customer, has said that it would stop using Takata-made inflators in its new models, and has stopped procuring replacement inflators from the company.

Battered by the recalls, Takata is looking for a financial backer to help overhaul its business and carry ballooning costs as its stock price has crumbled almost 90 percent since early 2014 and it faces potentially billions of dollars of liabilities.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.