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Key Developments: Honda Motor Co Ltd (7267.T)

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Latest Key Developments (Source: Significant Developments)

R&I affirms Honda Motor's rating at "AA" and changes outlook to negative from stable
Tuesday, 23 Feb 2016 01:00am EST 

Honda Motor Co Ltd:Rating and Investment Information, Inc. (R&I) affirmed the company's rating at "AA".Rating outlook changed to negative from stable.  Full Article

Honda Motor Co Ltd to recall 58,000 cars for airbag inflators Car makers 6th recall in India in 20 months - Business Standard
Friday, 19 Feb 2016 04:43am EST 

Honda Motor Co Ltd:The company said it would recall 49,572 units of City made between January 2012 and June 2013; 7,504 units of Jazz made between February 2012 and February 2013; and 600 units of Civic made between January 2012 and August 2012 - Business Standard.An inflator inflates airbags in case of a major collision.The car maker said, "The replacement would be carried out free of cost at Honda Cars India (Japanese car maker's local unit)'s dealerships across the country in a phased manner, starting from February 20. The company will communicate with customers directly.".  Full Article

Honda Motor Co Ltd - Continental AG says 5 mln vehicles worldwide may have faulty air bags - Reuters
Thursday, 4 Feb 2016 04:54pm EST 

Honda Motor Co Ltd:Continental Automotive Systems said on Thursday it supplied potentially defective air bag control units to 5 mln vehicles used by Honda, Fiat Chrysler, Mercedes-Benz, and three other manufacturers built over a five-year period worldwide, widening an air bag safety crisis - RTRS.Continental Automotive, a unit of Continental AG, told the U.S. National Highway Traffic Safety Administration that electronic systems built from 2006 through 2010 and used in 5 mln vehicles may fail and air bags may not deploy in a crash or may inadvertently deploy without warning. - RTRS.Continental spokeswoman Mary Arraf said the recall involved between 1.5 mln and 2 mln vehicles in the United States.Honda Motor Co said it is recalling 341,000 Accord models from 2008-2010 to replace control units linked to failures in Continental systems. At least two injuries are attributed to the defect. - RTRS.Fiat Chrysler said it is recalling 112,000 U.S. vehicles for the same issue, including the 2009 Dodge Journey, 2008-2009 Dodge Grand Caravan and Chrysler Town and Country and 2009 Volkswagen Routan that it had assembled for the German automaker. - RTRS.Mazda was aware of Continental's recall and investigating and VW did not know how many Chrysler-built Routan minivans are involved, according to company spokespeople - RTRS.  Full Article

Honda Motor Co Ltd to recall more cars in Japan due to Takata airbag issue - Reuters
Thursday, 4 Feb 2016 10:30am EST 

Honda Motor Co Ltd:Honda Motor Co on Friday said it was recalling about 443,000 vehicles including its Fit compact cars in Japan over potentially faulty air bags manufactured by Takata Corp, as a global recall continues to mount. - RTRS.Honda, whose vehicles account for roughly half of the 50 million vehicles recalled over the Takata issue since 2008, said it was recalling a total of 13 vehicle models, nearly half of which are Fits. All recalled vehicles, which also includes the Civic, were produced between 2005-2014 - RTRS.  Full Article

Honda Motor Co Ltd - Honda Canada to recall 23,343 Accord sedans - Reuters
Thursday, 4 Feb 2016 10:24am EST 

Honda Motor Co Ltd:Says will voluntarily recall 23,343 units of 2008-2010 model-year - RTRS.HONDA Accord sedans in Canada Says will voluntarily recall to replace the supplemental restraint system (SRS) control unit in vehicles - RTRS.  Full Article

Honda Motor Co Ltd - American Honda says about 2.23 mln Takata PSDI-5 driver front airbag inflators will require replacement in Honda and Acura vehicles - Reuters
Wednesday, 3 Feb 2016 08:12pm EST 

Honda Motor Co Ltd:American HONDA - about 2.23 million Takata psdi-5 driver front airbag inflators will require replacement in HONDA and acura vehicles in the U.S. - RTRS.American HONDA - Takata inflators will be replaced with parts from an alternative supplier with repairs beginning in the summer of 2016.American HONDA - no psdi-5 inflator ruptures have been reported in HONDA or acura vehicles.American HONDA - plans to replace all recalled inflators with new parts from alternative supplier at no cost to owners of HONDA and acura vehicles.  Full Article

Honda Motor Co Ltd issues recall & stop sale notices to dealers for 1.7 million new & used vehicles from 2007-2015 model years for Takata airbags - CNBC - Reuters
Wednesday, 3 Feb 2016 01:50pm EST 

Honda Motor Co Ltd:Honda issues recall & stop sale notices to dealers for 1.7 million new & used vehicles from 2007-2015 model years for Takata airbags - CNBC - RTRS.  Full Article

Honda Motor Co Ltd - Takata recalls air bag inflators in 5.1 mln US vehicles - Reuters - Update
Tuesday, 26 Jan 2016 07:06pm EST 

Honda Motor Co Ltd:U.S. auto safety regulators said Tuesday that air bag maker Takata Corp 7312.T declared 5.1 million U.S. vehicles defective, as the company disclosed an 11th death could be linked to a faulty airbag - RTRS.Most of the vehicles mentioned in numerous previous recalls involving Takata air bags have been older models, but the new recalls include some 2014 models. - RTRS.The Japanese company said newer vehicles remain under "investigation and could be subject to recall at a later date." - RTRS.The newly released documents show that regulators may prod automakers to recall recent models. - RTRS.The automakers involved in the new Takata inflator recalls include Honda, BMW AG, Volkswagen AG's Volkswagen and Audi brands, Daimler AG's Mercedes-Benz and Sprinter van brands, Mazda Motor Corp, and Saab AB - RTRS.Toyota Motor Corp 7203.T is listed by Takata as part of the new recall, but the company said all of its vehicles involved were recalled in 2015 - RTRS.NHTSA did not make clear how many, and which automakers were involved with recalls for 2014 models - RTRS.Honda has previously recalled about 6.28 million vehicles in the United States for air bag inflators, a Honda spokesman said. Honda worldwide has recalled vehicles with 23 million Takata air bag inflators since 2008 - not counting the latest recall - RTRS.  Full Article

Honda Motor Co Ltd - U.S. says 8th U.S. death linked to Takata airbag rupture - Reuters
Thursday, 24 Dec 2015 12:29am EST 

Honda Motor Co Ltd:The U.S. National Highway Traffic Safety Administration said Wednesday that an eighth U.S. death is linked to a faulty Takata airbag inflator, marking the first reported death since April and the ninth worldwide - RTRS.The auto safety agency also said it named a former U.S. Justice Department official to oversee the massive recalls of airbags and the Japanese parts firm's compliance with a settlement. - RTRS.NHTSA spokesman Gordon Trowbridge told reporters on a conference call that the death took place in July in a recalled used 2001 Honda Accord coupe near Pittsburgh, Pennsylvania. The unidentified teen-aged driver was hospitalized after a Takata airbag ruptured. - RTRS.The teen died several days later - RTRS.Sources close to the matter said the death involved a 13-year-old boy who was in an early morning crash after he apparently took the keys without permission from a parent and got behind the wheel - RTRS.Pennsylvania State Police, in a brief summation issued publicly last summer, showed that a July 22 incident involved a 13-year-old boy driver who was the lone person in a 2001 Honda Accord that went off a road into a wooded area at 4:46 am in Mercer County in western Pennsylvania - RTRS.All of the nine deaths, including the death of a pregnant woman in Malaysia, have been in Honda vehicles - RTRS.Reuters reported earlier that civil suits involving most airbag deaths have been settled by Takata and Honda - RTRS.  Full Article

Honda Motor Co Ltd - Statement by HONDA Canada regarding expansion of Takata airbag inflator recall to include certain 2003-2004 CR-V passenger front airbag inflators - Reuters
Wednesday, 23 Dec 2015 02:11pm EST 

Honda Motor Co Ltd:Statement by HONDA Canada regarding expansion of Takata airbag inflator recall to include certain 2003-2004 cr-v passenger front airbag inflators.Passenger front airbag recall expansion will include 17,990 vehicles already subject to driver front airbag inflator safety recall.Says recall expansion is being implemented in alignment with the U.S. national recall expansion.  Full Article