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New Honda CEO says no plans to help air bag firm Takata fund global recalls| Reuters

Jul 07, 2015    

TOKYO Honda Motor Co's (7267.T) new chief executive said the Japanese automaker has no plans for now to provide financial aid to Takata Corp (7312.T), the air bag supplier at the centre of a costly global safety recall that has dented Honda's public image as well as its earnings.Speaking at his first news conference since taking the helm in June, Takahiro Hachigo said on Monday Honda has now set aside enough this year to cover the cost of recalling over 2 million cars with potentially faulty air bag parts made by Takata. The automaker recently restated last year's earnings to account for addit...

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