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Jun 25, 2014

Massive air bag recall could drive Takata into the red

TOKYO (Reuters) – Japanese auto parts maker Takata Corp (7312.T: Quote, Profile, Research, Stock Buzz) could face a $500 million charge and a net loss this year – its second in three years – as a widening recall of air bag inflators begins to kindle worries despite its deep pockets.

Automakers have recalled 10.5 million vehicles over five years to fix Takata air bags deemed at risk of exploding and shooting shrapnel at drivers and passengers, in what has become one of the five biggest recalls in automotive history.

Jun 24, 2014

Japan bets big on making fuel-cell cars a near-future reality

TOKYO, June 25 (Reuters) – Japan’s government and top
carmakers, including Toyota Motor Corp, are joining
forces to bet big that they can speed up the arrival of the fuel
cell era: a still costly and complex technology that uses
hydrogen as fuel and could virtually end the problem of
automotive pollution.

Prime Minister Shinzo Abe’s growth strategy, announced on
Tuesday, included a call for subsidies and tax breaks for buyers
of fuel cell vehicles, relaxed curbs on hydrogen fuel stations
and other steps under a road map to promote hydrogen energy.

Jun 23, 2014

Honda and others recall nearly 3 million vehicles over air bag flaw

TOKYO/DETROIT (Reuters) – Honda Motor Co and other Japanese automakers on Monday recalled almost 3 million cars with potentially explosive air bags supplied by Takata Corp, bringing the total recall so far to about 10.5 million vehicles over the past five years.

The series of recalls cover both passenger-side and driver-side air bags, which the world’s second-biggest automotive safety parts maker manufactured in 2000-02. The total ranks it among the five biggest recalls in the industry’s history.

Jun 23, 2014

Honda, Mazda expand recalls over Takata airbag problem

TOKYO (Reuters) – Honda Motor Co and other Japanese automakers on Monday recalled more cars with potentially explosive air bags supplied by Takata Corp, bringing the total recall so far to around 10.5 million vehicles over the past five years.

The series of recalls cover both passenger-side and driver-side air bags, which the world’s second-biggest automotive safety parts maker manufactured in 2000-02. The total ranks it among the five biggest recalls in the industry’s history.

Jun 23, 2014

Honda, others recall another 2.9 mln vehicles over air bag flaw

TOKYO, June 23 (Reuters) – Honda Motor Co and other
Japanese automakers on Monday recalled more cars with
potentially explosive air bags supplied by Takata Corp,
bringing the total recall so far to around 10.5 million vehicles
over the past five years.

The series of recalls cover both passenger-side and
driver-side air bags, which the world’s second-biggest
automotive safety parts maker manufactured in 2000-02. The total
ranks it among the five biggest recalls in the industry’s
history.

Jun 22, 2014

Insight – Car industry struggles to solve air bag explosions despite mass recalls

TOKYO/DETROIT (Reuters) – A year ago, Japan’s Takata Corp (7312.T: Quote, Profile, Research), the world’s second-largest maker of auto safety parts, believed it had finally contained a crisis more than a decade in the making.

It was wrong.

More than a million Honda Motor Co Ltd (7267.T: Quote, Profile, Research) vehicles could be subject to an upcoming recall for Takata air bags that are at risk of exploding and shooting shrapnel at passengers and drivers, according to a person with knowledge of the matter.

Jun 22, 2014

Car industry struggles to solve air bag explosions despite mass recalls

TOKYO/DETROIT (Reuters) – A year ago, Japan’s Takata Corp, the world’s second-largest maker of auto safety parts, believed it had finally contained a crisis more than a decade in the making.

It was wrong.

More than a million Honda Motor Co Ltd vehicles could be subject to an upcoming recall for Takata air bags that are at risk of exploding and shooting shrapnel at passengers and drivers, according to a person with knowledge of the matter.

Jun 19, 2014

Japan plans ample support for fuel cell car technology

TOKYO (Reuters) – The Japanese government is planning to offer ample support to popularize fuel cell vehicle technology as Toyota Motor Corp and Honda Motor Co prepare to launch hydrogen-powered cars in 2015.

The government on Thursday drafted a timeline that spelled out targets and actions over the next 25 years to commercialize fuel cell vehicles and boost use of hydrogen energy in general.

Jun 14, 2014

Exclusive: Honda expects to expand Takata airbag recall, could top 1 million vehicles – source

TOKYO (Reuters) – Honda Motor Co expects to recall vehicles with potentially defective air bags, a move that could expand a massive, multi-company air bag recall by more than a million, according to a person with knowledge of the matter.

The recall involves faulty air bag inflators supplied by Takata Corp and would follow a similar move this week by Toyota Motor Corp. The Honda recall should be announced by the end of June, according to the person who asked not to be identified.

Jun 14, 2014

EXCLUSIVE: Honda expects to expand Takata airbag recall, could top 1 mln vehicles – source

TOKYO (Reuters) – Honda Motor Co expects to recall vehicles with potentially defective air bags, a move that could expand a massive, multi-company air bag recall by more than a million, according to a person with knowledge of the matter.

The recall involves faulty air bag inflators supplied by Takata Corp and would follow a similar move this week by Toyota Motor Corp. The Honda recall should be announced by the end of June, according to the person who asked not to be identified.

    • About Yoko

      "Based in Tokyo since 2007, I have been covering politics in the world's third-biggest economy, as well as Japan's nuclear disaster, energy issues and diplomacy."
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