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Honda Motor Co Ltd

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  • TOKYO— Toyota President Akio Toyoda vowed to help get to the bottom of the problems with Takata air bags, the recalls for which have ballooned to nearly 34 million vehicles, stressing that regaining consumer trust is an industry-wide concern. Doubts are growing about whether Japanese supplier Takata Corp. has the financial muscle to deal with all the defects, a...

  • *Seibu tumbles after Cerberus launched selldown. *Skylark dives after news Bain Capital to sell stake. TOKYO, May 22- Japan's Nikkei share average edged down on Friday morning, snapping a five-day winning streak as investors carefully await for the outcome of the Bank Of Japan's two-day policy meeting.

  • DETROIT— Out of concern for the safety of drivers, the U.S. government may step in to manage a giant recall of air bags made by Takata Corp.. Takata agreed this week to declare millions of air bag inflators defective. That added 17 million cars and trucks to existing recalls by 11 manufacturers— BMW, Fiat Chrysler, Ford, General Motors, Daimler Trucks, Honda, Mitsubishi,...

  • WASHINGTON, May 21- A current and a former executive of Japan's NGK Spark Plug Co Ltd were indicted on Thursday on charges of fixing the prices of spark plugs and oxygen sensors, the U.S. Justice Department said. Norio Teranishi, a former executive, and Hisashi Nakanishi, a current employee of NGK Spark Plug, were accused of conspiring to fix the prices of parts sold to...

  • DETROIT, May 21- Prosecutors in Detroit have joined the U.S. federal probe into Takata Corp's defective air bag inflators that are linked to at least six deaths globally. The U.S. Attorney's Office for the Eastern District of Michigan and the U.S. Department of Justice's Criminal Division, Fraud Section in Washington "are jointly handling the criminal...

  • DETROIT, May 21- Prosecutors in Detroit have joined the U.S. federal probe into Takata Corp's defective air bag inflators that are linked to at least six deaths globally. The U.S. Attorney's Office for the Eastern District of Michigan and the U.S. Department of Justice's Criminal Division, Fraud Section in Washington "are jointly handling the criminal...

  • *Some automakers explore Takata's rivals for replacement parts. *Takata shares fall 10 pct in Tokyo. DETROIT, May 20- Takata Corp's record U.S. recall of potentially deadly air bag inflators could take years to complete, industry experts and safety advocates said, as automakers scrambled to line up replacement parts, some not from Takata.

  • TIMELINE-Takata air bag recalls since 2008 Wednesday, 20 May 2015 | 2:24 PM ET

    Honda and Takata deny fault and settle for an undisclosed sum. Her family sues Honda and Takata for more than $75 million in April 2011, claiming they knew of the air bag problems as early as 2004. Honda and Takata settle in January 2013 for $3 million, according to court documents. 2011: April 27- Honda recalls 896,000 Honda and Acura 2001-03 cars in order to find...

  • DETROIT, May 20- Takata Corp said on Wednesday it plans to boost production of parts needed to replace potentially deadly air bag inflators that could spray vehicle occupants with metal shards. Takata's air bag inflators have been found to explode with too much force, spraying metal fragment inside cars and have forced automakers to recall more than 53 million...

  • DETROIT, May 20- Takata Corp said on Wednesday it has boosted plans for production of replacement air bag inflators needed for recalled cars in which the potentially deadly part could spray occupants with metal shards. A spokesman for the Japanese air bag maker said the supplier will boost output to 1 million inflators a month by September, an increase of...

  • What you need to know about the Takata air bag recall Wednesday, 20 May 2015 | 12:02 AM ET

    DETROIT— A recall of air bags made by Japanese auto parts supplier Takata Corp. now has the dubious distinction of being the largest in U.S. history. A: Honda has the most vehicles equipped with Takata air bags. Dozens of models made by BMW, Chrysler, Ford, General Motors, Mazda, Mitsubishi, Nissan, Saab, Subaru and Toyota dating to the 2001 model year are also affected.

  • RPT-TIMELINE-Takata air bag recalls Tuesday, 19 May 2015 | 7:16 PM ET

    Honda and Takata deny fault and settle for an undisclosed sum. Her family sues Honda and Takata for more than $75 million in April 2011, claiming they knew of the air bag problems as early as 2004. Honda and Takata settle in January 2013 for $3 million, according to court documents. 2011: April 27- Honda recalls 896,000 Honda and Acura 2001-03 cars in order to find...

  • WASHINGTON/ DETROIT, May 19- Japanese air bag manufacturer Takata Corp is doubling a recall of air bags to nearly 34 million vehicles, creating the largest automotive recall in American history, U.S. safety regulators said on Tuesday. The recall, which still does not identify the cause of the problem, involves passenger and driver-side air bags in vehicles made by...

  • WASHINGTON/ DETROIT, May 19- Japanese air bag manufacturer Takata Corp has agreed to declare nearly 34 million vehicles defective due to problems with air bag inflators, creating the largest automotive recall in American history, U.S. safety regulators said on Tuesday. Transportation Secretary Anthony Foxx said NHTSA also issued a consent order to Takata,...

  • WASHINGTON, May 19- Japanese air bag manufacturer Takata Corp is expected to declare about 33.8 million vehicles defective on Tuesday, a move that is expected to lead to the largest auto recall in U.S. history, the Detroit News reported, citing three officials briefed on the announcement. Takata had no immediate comment on the report. The number of vehicles with...

  • Takata air bag recall doubles to nearly 34 million Tuesday, 19 May 2015 | 1:54 PM ET

    WASHINGTON— Under pressure from U.S. safety regulators, Takata Corp. has agreed to declare 33.8 million air bags defective, a move that will double the number of cars and trucks included in what is now the largest auto recall in U.S. history. "We know that owners are worried about their safety and the safety of their families," said Mark Rosekind, head of the National...

  • *Chiyoda rises on liquefied natural gas project. TOKYO, May 19- Japanese stocks rose to a three-week high on Tuesday thanks to Wall Street's record close and a surge in companies announcing higher shareholder returns. "When risk appetite recovers investors start to pay more attention to stock valuations," said Hiroyuki Nakai, chief strategist at Tokai Tokyo...

  • May 18- The Obama administration on Monday escalated a running regulatory battle with Fiat Chrysler Automobiles NV, saying it could impose "multiple penalties" on the automaker and order a public hearing to examine FCA's handling of 20 recalls affecting more than 10 million vehicles. The National Highway Traffic Safety Administration said Fiat Chrysler...

  • *No need to change capital alliance with Renault- Nissan's Ghosn. YOKOHAMA, Japan, May 18- Nissan Motor Co Ltd CEO Carlos Ghosn said on Monday he did not think there was any need to change the automaker's capital alliance with Renault at present after France raised its stake and voting rights in Renault last month. The government of France, which owns almost 20...

  • DETROIT, May 18- For the fifth straight year, Toyota Motor Corp and Honda Motor Co topped a study of automakers with U.S. plants in supplier relations, helping them get the best parts at the lowest cost. Toyota was the tops in supplier relations, followed closely by Honda. Ford Motor Co was a distant third, followed by Nissan Motor Co. General Motors Co and Fiat Chrysler...