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Posts Tagged ‘Honda recall’

Honda Recalls 1.15 Million Accords due to Possible Engine Fires

Japanese automaker notes four vehicles have caught fire.

by on Jul.14, 2017

Honda is recalling 1.15 million Accords in the U.S. built between 2013 and 2016.

Honda is recalling more than 1 million Accords in the U.S. because a faulty battery sensor may cause a fire in the vehicle’s engine compartment. The action affects Accords produced between 2013 and 2016.

The Japanese automaker noted that four vehicles have reported fires resulting from the defect, but no injuries. The recall covers more than 1.5 million cars worldwide.

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The issue stems from a poor seal around the sensor that monitors the battery’s state of charge. If the seal is compromised, substances like road salt or water can short the sensor, potentially leading to a fire. (more…)

Honda Earnings Jump Sharply

Japanese automaker boosts guidance despite Trump trade concerns.

by on Feb.03, 2017

Honda sales and earnings have benefited from the launch of new products like the Pilot.

Honda scored a 36% jump in earnings for the latest quarter, overcoming a variety of challenges, including a weakened yen and the cost of the ongoing Takata aitbag recall.

Cost cutting also helped overcome a slight downturn in global sales for the quarter, the third-largest Japanese automaker reporting a 168.8 billion yen, or $1.5 billion, profit for the October-December quarter, the third in its fiscal year. Honda earning 124.1 billion yen during the same period a year ago.

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The automaker said it is expecting to see sales rebound slightly during the fiscal year’s final quarter, which ends on March 31. It also boost earnings guidance for the full year, though some observers question whether the automaker – like its Japanese rivals – could get caught up in a trade fracas as new U.S. Pres. Donald Trump presses the industry to move more jobs to the U.S.

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Honda May Recall 20 Million More Airbags; Supplier Takata Plunges into the Red

Size of airbag recall could more than double.

by on May.09, 2016

A Takata airbag after a vehicle crash.

Honda is reportedly getting ready to announce the recall of as many as 20 million more airbags due to the risk they could malfunction and injure, possibly kill occupants by sending shrapnel flying into the passenger compartment.

The report, published by Japanese newspaper Nikkei, comes less than a week after the U.S. National Highway Traffic Safety Administration ordered the recall of 35 million to 40 million more airbags using inflators provided by Japanese auto supplier Takata. The defect has so far been linked to hundreds of injuries while the death count last week rose to 13 worldwide.

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Hammered by the recall, hit with hefty fines and facing numerous lawsuits, Takata said today that it is expecting to report a loss of about $120 million when it reports earnings on Wednesday. It originally had expected to show a modest profit.

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As 9th Takata Death Reported, Honda Again Expands Airbag Recall

Teen driver suffers fatal injuries from faulty airbag inflator.

by on Dec.23, 2015

2003 Honda CR-V crossovers are covered by the latest expansion of the Takata recall.

Federal regulators say a faulty airbag inflator appears to have caused the death of a young driver, the ninth fatality so far linked to a system provided by Japanese supplier Takata.

The announcement by the National Highway Traffic Safety Administration came as Honda announced the latest in a series of recalls involving vehicles equipped with Takata airbags. So far, close to 20 million vehicles sold in the U.S. have been targeted for safety repairs due to the use of suspect airbag inflators.

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All eight of the Takata airbag deaths identified as occurring in the U.S. involved Honda vehicles. Another death was reported outside the States.

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Honda Boosts Quarterly Earnings Despite Cost of Takata Recalls

Honda ends ties with Takata in wake of airbag scandal.

by on Nov.04, 2015

Honda showed off its new fuel-cell vehicles, the Clarity, at the Tokyo Motor Show last week.

Honda quarterly earnings rose 7%, to 127.7 billion yen, or $1 billion, from a year earlier despite the hefty cost of repairing vehicles using potentially deadly Takata aibags.

The third-largest of the Japanese makers released results for the July-September period, the second in its fiscal year, a day after it announced it would no longer work with Takata, long one of its most important suppliers under the so-called keiretsu system.

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“We have become aware of evidence that suggests that Takata misrepresented and manipulated test data for certain air bag inflators,” Honda explained on Tuesday. “Honda expects its suppliers to act with integrity at all times, and we are deeply troubled by this apparent behavior by one of our suppliers.”

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Latest Honda Airbag Recall Lengthens Shadow of Product Doubt

Industry tracking to beat last year record-setting recall year of 64 million.

by on Oct.30, 2015

The 2008 Honda Accord is part of another recall for faulty airbags. The maker is recalling 300,000 of the vehicles from 2008 and 2009.

If you own a Honda Accord, don’t slam that door too hard. The Japanese automaker is recalling 300,000 of the cars from 2008 and 2009 because the side-impact airbags may deploy if the door is “forcefully slammed.”

There have been 19 complaints about the issue, which the maker blamed on an incorrect sensor calibration. The problem affects both the air curtains, which are in the roof above the side windows and provide head protection, and airbags in the side of the seat that protect the torso.

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The National Highway Traffic Safety Administration started investigating the problem last year due to the complaints, which included several instances of the automaker refusing to pay for the repair. (more…)

Honda Adds Another 4.5 Mil Takata Airbags to Recall List

Further recalls could be possible.

by on Jul.09, 2015

Honda CEO Takahiro Hachigo said the automaker won't financially assist Takata.

Already having recalled more vehicles for defective Takata airbags than any other manufacturer, Honda Motor Co. is adding another 4.5 million vehicles to its global tally, it announced today.

More than a third of those vehicles were sold in Japan, according to Honda, which noted that none of the affected vehicles are in North America. Until recently, the U.S. and Canada constituted the bulk of the recalls involving Takata airbags, but the latest announcement from Honda suggests the problem is much more widespread.

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The latest recall appears to bring the total number of vehicles impacted by faulty Takata airbags to more than 40 million worldwide. At least eight deaths have been directly linked to the problem, all in Honda vehicles. So far, all but one occurred in the U.S. But it remains to be seen if more fatalities will be added to the list as manufacturers expand the scope of their recalls abroad.

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Another 5 Mil Vehicles Added to Takata Airbag Recall

Honda continues to be hurt by relationship with airbag maker.

by on May.15, 2015

Takata's Hiroshi Shimizu testified before a congressional subcommittee, but the company maintains it doesn't need to expand its recall.

Days after Toyota and Nissan announced the recall of 6.5 million vehicles due to potentially faulty Takata airbags, Honda and Daihatsu have launched new service actions of their own covering yet another 5 million vehicles sold worldwide.

That will bring to about 35 million the total number of vehicles that have been recalled as a result of a problem that can cause airbags to inflate over-aggressively in a crash, sending shrapnel flying into the passenger compartment. The problem has so far been linked to a half-dozen deaths, most of them in the United States.

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As part of the latest announcements, Honda will inspect and, if necessary, replace airbags in 4.89 million vehicles sold around the world. Honda, which has a financial relationship with Takata as part of its keiretsu, or closely linked supplier network, has had the largest number of vehicles impacted by the airbag problem. (more…)

Recalls Hammer Honda Earnings

Japanese maker’s net income tumbles 43%.

by on Apr.29, 2015

A Takata airbag after a crash.

The recall crisis that reached record levels last year has continued to hammer the auto industry, as Honda shows with the release of its weak, January-to-March earnings report.

The recall of vehicles equipped with potentially faulty Takata airbags led to a 43% year-over-year decline in the maker’s bottom line for the fourth quarter of its fiscal year. At $814 million, or 45 cents per share, the net income was well short of the market forecast of 59 cents a share, according to Zacks Consensus Estimate.

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But Honda laid out a more upbeat forecast for the year ahead, projecting a nearly 10% increase in revenues and a more modest 0.4% increase in net income for the 2016 fiscal year.

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Honda Trims List of Vehicles Targeted by Nationwide Airbag Recall

About 5.4 million vehicles sold between 2001 – 2011 now covered.

by on Dec.08, 2014

The 2002 Honda Civic EX is one of the models covered by the expanded Takata airbag recall.

Honda will voluntarily recall about 5.4 million vehicles nationwide to fix potentially defective Takata airbags – about 10% fewer cars and crossovers than the maker had originally signaled when it announced the safety campaign last week.

More than 2.8 million of those vehicles were already covered by a recall Honda announced last June, and the maker says many of them have already had their airbags replaced. They will not need additional repairs.

Honda is the single largest customer for airbags produced by embattled supplier Takata. The Japanese parts manufacturer last week told members of a Senate committee it would not expand an earlier, regional recall for faulty airbags. But Honda and several other automakers have decided to expand the safety campaign on their own.

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