Honda cut its annual profit forecast as it set aside more cash to cover an expanded recall of cars to replace potentially faulty air bags.
Asian equities outside China traded higher on Friday, following a halt in the sell-off in energy markets and as traders digest the raft of earnings releases in Tokyo and Seoul.
Japan's Honda Motor Co sliced 6.5 percent off its core annual profit forecast.
A new headache lies around the bend for Japan's Honda Motor cheaper U.S. petrol could lure buyers away from its fuel-efficient cars.
A record total of nine models sold during the 2011 model-year have had a driver death rate of zero, NBC News reports.
Asian equities reacted nervously to the election victory of Greek leftist party Syriza on Monday.
Japan will be in the spotlight this week, where the release of key data will shed some light on the state of the world's third-largest economy.
Asian stocks rose amid a choppy session on Thursday as the market digested hopes that the ECB will launch an aggressive stimulus package today.
While there are still a few off-the-wall cars shown at the Detroit Auto Show, these days, what you see very well may be what you get.
The persisting turmoil in commodity markets ignited risk aversion in most Asian stock markets on Wednesday, with Tokyo and Sydney equities finishing at fresh lows.
Asian stock markets enjoyed an upbeat session on Friday, but volatile trade played out in Shanghai, with the benchmark index closing down 0.2 percent after jumping to a more than 4-year high.
Asian equity markets raked in gains on Thursday, as the fall in oil prices abated, while a positive finish on Wall Street overnight lifted trading sentiment.
Automakers reported strong December U.S. sales, boosted by falling gas prices, but analysts cautioned that growth would slow this year.
Toyota is likely to miss its 2014 objective of selling over 1.1 million cars in China because of an economic slowdown and resulting auto price wars.
Asian bourses largely rose amid thin post-Christmas trading, as markets in Australia, Hong Kong, Indonesia and the Philippines remain shut.
On the last trading session before Christmas, Asian indices largely rose, with the exception of China, as a strong U.S. growth report card revived risk sentiment.
Nissan Motor said it has ordered the recall of more than 80,000 vehicles sold in Mexico to check for potential defects stemming from Takata airbags.
Asian equities largely recovered from the week's rout on Wednesday as investors look ahead to the Federal Reserve's monthly meeting.
Chinese authorities said Honda and its two joint ventures in China would recall 569,769 cars due to potentially defective air bags.
Asian bourses slid again on Thursday, as falling oil prices and a worse-than-expected machinery orders report from Japan reinforced jitters about a sluggish global economy